Our anonymous Sef operator reflects on the CFTC’s latest no-action letter for European MTFs
So we sat in suspense on a
Friday evening awaiting news as to what law we would operate
our business under on Monday.
As a SEF operator we are
getting used to such scenarios and the market is a tad more
laissez faire about a situation that would have been
unimaginable only a few years ago. Anyway around 8pm GMT the
CFTC issued a notice stating the Status Quo - at this late
stage was there any other option?
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