Volumes don't justify new CDS regulation burden, says MarketAxess

MarketAxess says it has written to US regulator the CFTC asking for exemption from registering as a swap execution facility

Comment by: Anonymous. Posted 11 years ago [2013-03-11 16:43:37]

The credit markets are not going to get the better liquidity and transparency investors need with this heavy handed approach to regulation. If Market Axess’ figure for the cost of compliance is correct, that is going to stifle innovation and competition in credit trading platforms. CFTC should take note: this isn’t grain futures (not yet anyway).