OTC Intelligence | SEF & Central Clearing Update

CFTC Approval Paves the Way for Regulated Electronic Swap Trading
On September 6, 2013, CanDeal’s global Canadian dollar interest rate swap partner, Tradeweb Markets, announced it has received temporary registration approval for its swap execution facilities (SEFs) from the Commodity Futures Trading Commission (CFTC) - compliance deadline for SEFs was October 2, 2013.

Electronic Trades Feed Central Clearing
The existing electronic IRS infrastructure facilitates end-to-end electronic execution and clearing. Buy- and sell-side participants who leverage the technology already have their post-trade message information being sent directly to central clearing houses.