• CFTC Certifies Additional “Available to Trade” Designation: Certain Interest Rate Swaps Must Be Executed on a SEF or DCM Beginning in February
  • January 31, 2014
  • Law Firm: Sutherland Asbill Brennan LLP - Washington Office
  • On Thursday, January 23, 2014, the Commodity Futures Trading Commission (CFTC) certified a second available to trade determination (the Second MAT Determination) in response to an application submitted by trueEX, LLC. The majority of the interest rate swaps certified under the Second MAT Determination were included in the CFTC’s first available to trade determination, which was issued on January 16, 2013, in response to an application submitted by Javelin SEF, LLC (the First MAT Determination). However, the Second MAT Determination includes U.S. Dollar International Monetary Market (IMM) starting swaps with a standard coupon of various tenors. The additional interest rate swaps certified under the Second MAT Determination must be executed on a SEF or DCM that lists those products beginning on February 21, 2014.