CFTC to Discuss “Available to Trade” Provision for SEF and DCM
Posted on Fri, Jan 27, 2012 @ 01:59 PM
The CFTC announced on Tuesday that it will hold a public roundtable to discuss the “available to trade” provision of the Commodity Exchange Act in the Dodd-Frank Wall Street Reform and Consumer Protection Act. The roundtable will be held at CFTC headquarters in D.C. at 9:30 AM, Monday, January 30 and will cover the following:
1) The filing process for a designated contract market (DCM) or swap execution facility (SEF) to notify the Commission that it has determined that a swap is “available to trade”;
2) the factors a DCM or SEF must consider to make an “available to trade” determination; and
3) the meaning and parameters of “economically equivalent swap.
We’ve included the agenda for the roundtable below:
9:30 a.m. Introduction
9:40 a.m. Panel One: Procedure to Make a Swap Available to Trade
Panelists: Kevin Gould (Markit); Philip Weisberg (FXall); Thomas LaSala (Chicago Mercantile Exchange); Patrick McCarty (ICAP); Trabue Bland (IntercontinentalExchange); Stephen Humenik (Eris Exchange); Rich McVey (MarketAxess)
10:55 a.m. Intermission
11:00 a.m. Panel Two: Factors to Consider to Make a Swap Available to Trade
Panelists: Karl Cooper (NYSE Liffe); William Thum (Asset Management Group of the Securities Industry and Financial Markets Association); George Harrington (Bloomberg); Hugo Barth (Association of Institutional Investors); Michael Cosgrove (Wholesale Markets Brokers Association, Americas); Lee Olesky (Tradeweb); Evan Ard (Evolution Markets); Professor Charles Jones (Columbia Business School)
12:15 p.m. Intermission
12:20 p.m. Panel Three: Economically Equivalent Swaps
Panelists: Mark Szycher ( The Committee on Investment of Employee Benefit Assets); Dexter Senft (International Swaps and Derivatives Association); Keith Bailey (Barclays); James Cawley (Javelin Capital Markets); Professor Matthew Spiegel (Yale School of Management); Christian Martin (TeraExchange)
The meeting will be broadcast live on www.ctfc.gov. Call-in participants can follow on the phone by using the following dial-in:
US Toll-Free: 866-844-9416
International Toll Numbers: See Related Links
Passcode: 8082055
DerivAlert will be watching and will provide a reaction following the discussion.
