6/19/2014

The Securities and Exchange Commission is remaining silent about guidance for investors when it comes to swap packages that include U.S. Treasurys, known as swap spread trades, according to market participants and other regulators. Filling the void, swap-execution facilities have offered a solution that splits the transaction into SEF and off-SEF processes, but the SEFs do not know if that procedure is acceptable to the SEC.

Related Summaries