Europe’s largest trading venues are choosing not to apply to US regulators to trade swaps, sources tell FOW
Europes largest swaps trading venues are choosing not to
apply to US regulators to trade swaps, as the relief period
allowing them to trade with US firms ends in less than a
weeks time, industry experts have told FOW,
writes Joe Parsons.
A source with knowledge close to the matter told FOW that
multi-lateral trading facilities (MTFs) will not apply to
become qualified to trade with US persons because the rules are
still unclear from regulators, and applicants would not know
the details of the rules they would be governed by.
The reason for this is because there is a lack of
clarity over the scope of the qualified MTFs and whether
the relief would have to apply across the entire entity or on a
trade by trade basis, said the source.
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