“trading facility”と“facility”の違い・続き


May 14 (Bloomberg) -- Senators Tom Harkin and Maria Cantwell introduced an amendment to the financial reform bill to ensure electronic trading, not phone transactions, are used to buy and sell most swaps after the legislation was changed last month.
・・・This would be at least the fifth change in how the contracts could trade since reform was begun in the House last year.
“The objective of the amendment is to make sure the legislation substantially reforms the over-the-counter trading of swaps to ensure transparency and openness,” Harkin, Democrat of Iowa, said in an e-mailed statement. “The amendment addresses some concerns that have existed regarding whether we can get to these objectives without electronic trading.”
The Harkin and Cantwell amendment would define a swap execution facility as “an electronic trading system with pre- trade and post-trade transparency in which multiple participants have the ability to execute or trade swaps by accepting bids and offers.” A change made to the bill in April broadened the types of allowable trades to include those done over the phone.
Grant Gustafson, a spokesman for Harkin, declined to comment on when the Senate may vote on the amendment.
“Markets function best when there is real-time price transparency,” Cantwell, Democrat from Washington, said in an emailed statement. “We need the same level of transparency in the swap market as we have in the commodity future and stock markets.”


ちなみにRortybombのマイク・コンツァル(Mike Konczal)は、この抜け穴封じの動きについて、素晴らしい、今後の行方に注目したい、とコメントしている。