>>> CFTC Finalizes SEF Rules
Bloomberg is pleased the Commodity Futures Trading Commission (CFTC) has come to agreement on the final swap execution facility (SEF) rules. We fully support the central goals of Dodd-Frank to further increase market transparency.
Over a decade ago, at the request of our clients, Bloomberg created its Fixed Income Trading (FIT) platform to connect our buy and sell side subscribers to provide openness and standardization in the fixed income market and to create more transparency. Bloomberg is dedicated to providing the solutions our clients have come to expect so that they can operate more effectively and efficiently in today’s dynamic marketplace. We look forward to continuing to serve our buy and sell side clients by registering as a SEF.
(Watch this video to hear more about our business and intended SEF offering from CFTC Commissioner Scott O’Malia and Bloomberg Head of Product Ben Macdonald.)
Greg Babyak, Head of Government Affairs, Bloomberg L.P.