External Meetings: Meeting with SIFMA AMG

On April 27, 2011 at 2:30 p.m. EDT, representatives of the CFTC and the SEC (via dial-in) met with asset managers and representatives of SIFMA AMG.  Staff discussed issues raised in SIFMA AMG’s public comment letters relating to real-time reporting proposed rule (dated February 7, 2011) and the SEF proposed rule (dated March 8, 2011).  Specific issues discussed included block trades (need for data, phase-in of block trades, illiquid products, time delays), RFQ definition, requirement to “take into account” other resting bids and offers, 15-second delay, available to trade determination and allocation issues.