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Commodity Futures Trading Commission (CFTC) Seeks Comments on TW SEF Available-to-Trade Certification

Commodity Futures Trading Commission (CFTC) Seeks Comments on TW SEF Available-to-Trade Certification
Sunday, November 3, 2013

On October 29, 2013 the Commodity Futures Trading Commission requested public comment on a made-available-to-trade certification submitted by TW SEF, LLC, a temporarily registered swap execution facility (SEF). By submitting this certification, TW SEF seeks to implement available-to-trade determinations for certain interest rate and credit default swaps. If certified by the CFTC, these swaps would be subject to the mandatory trade execution requirement set forth in Section 2(h)(8) of the Commodity Exchange Act, which would generally require these swaps to be executed on or pursuant to the rules of a designated contract market or SEF. Comments are due by November 29. 

The CFTC’s request for public comment is available here.

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