US-EU trading venue deal could signal path to come for UK

A decision by the US Commodity Futures Trading Commission (CFTC) last week regarding European Union multilateral trading facilities (MTFs) and organised trading facilities (OTFs) could be a glum preview of the UK’s cross-border regulatory affairs.
Last Thursday, the CFTC issued an order that exempted 16 EU MTFs and OTFs from having to register as swap execution facilities (SEFs).
The move was part of a landmark retracing of the US regulator’s cross-border policy of the last seven years, which comes as the agency closes ...Already a subscriber? Login