Commissioners support end of name give-up rule

E FX adobe 230x150
By Ross Lancaster
25 Jun 2020

Post-trade name give-up on swap execution facilities (SEFs) is set to be consigned to history as a majority of commissioners on the Commodity Futures Trading Commission (CFTC) came out in support of a rule that will largely restrict the practice.

Buy-side firms including Citadel and Eaton Vance have long opposed the obligation for counterparties’ identities to be revealed after a swaps trade. The practice predates Dodd-Frank and the growth of over-the-counter derivatives clearing, when traders had to know who their counterparties were in order to manage credit risk.


Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial