European MTFs in limbo over CFTC compliance ahead of May 15 deadline

Frustrations grow over lack of CFTC communication

latency-clock-oct2013

European swap trading platforms have hit out at the US Commodity Futures Trading Commission (CFTC) over its compliance standards, as they face having to shut US-based clients out of their platforms on May 15 if it fails to clarify guidance by then.

The platforms, designated as multilateral trading facilities (MTFs) under the European Union's Markets in Financial Instruments Directive (Mifid), are able to offer services in the US, or to US firms, until May 15, after which they must prove that

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: