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In a speech to the Futures Industry of America, CFTC Chairman Timothy Massad discussed current and future regulation of derivatives.

The landscape for derivatives trading on swap execution facilities has changed drastically since these newly regulated platforms first launched in October of 2013.

Global government bond markets saw an increase in volatility in October, amid investor concerns over continuing geopolitical tensions and softer economic data.

While regulatory factors continue to push interest rate swap volumes on-SEF, the return of volatility is driving natural demand for swaps.

Earlier in October, I predicted that, just as the CDS market moved to standardized contracts a few years ago, the day would come when the interest rate market would move to a standardized world, namely in the form of Market Agreed Coupon contracts, or MAC.

ESMA has now issued its final draft regulatory technical standards (RTS) that define the scope of interest rate swaps that must be cleared under European Markets Infrastructure Regulation (EMIR).

Financial regulators worldwide are developing rules that often conflict with rules in other jurisdictions, creating a web of overlapping and conflicting requirements that are making life especially difficult for banks, other market participants and their technology vendors.

I had my doubts about SEFCON 5. I had even told one of the sponsors weeks in advance, tongue in cheek, “SEF’s are live and ticking, what’s there to talk about?” I knew better, and I indeed learned a few things.

Tradeweb scooped the Best ETF Trading Platform for Institutional Investors category in this year’s ETF Risk European rankings.

In his speech at the SEFCON V Conference, CFTC Chairman Timothy Massad outlined the current and future state of affairs regarding swaps trading on regulated platforms.