Bloomberg becomes the first SEF approved by the CFTC

The Commodity Futures Trading Commission on Wednesday granted provisional approval to Bloomberg to become a multiasset-class swap-execution facility. "As one of the largest independent swaps trading platforms, operating a SEF for our clients is a logical progression for Bloomberg," said Ben Macdonald, president of Bloomberg SEF. Several other firms have announced that they have filed applications with the CFTC, while others are expected to apply.

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