News: SEF rules vote on May 16th - FT.com

10 May 2013 | Bill Hodgson

The CFTC have said they (the commissioners) will vote on SEF rules on the 16th, which includes a minimum of two quotes rather than five for the first 12 months, then rising to three. Should the vote be in favour of the SEF rules, there will be an almighty rush to win business for SEFs, and an explosion of connections from SEFs to CCPs, and uptake of the two 'hub' services from Markit and Traiana to handle client limits. Vote looms on Dodd-Frank swaps rules - FT.com.