The U.S. Securities and Exchange Commission released rules for security-based swaps trading platforms yesterday, more than a decade after Congress asked the agency to do so, Bloomberg News reported. The SEC said that under the rules, security-based swaps execution facilities would get a process for registering with the agency and clarity on how they should execute trades. The market for security-based swaps is tiny compared to markets for other types of the derivatives, which are overseen by the Commodity Futures Trading Commission.
