WMBAA Hosts First Annual Swap Execution Facility Conference

The Wholesale Markets Brokers’ Association, Americas (WMBAA) today hosted the first annual Swap Execution Facility Conference, referred to as "SEFCON 1,” focusing on the role and operation of Swap Execution Facilities (SEFs) under the Dodd-Frank Wall Street Reform and Consumer Protection Act. The conference is taking place at the Grand Hyatt Hotel in Washington, D.C. and includes a comprehensive overview of the new regulatory category for US swap market intermediaries.

CFTC Chairman Gary Gensler speaks in Washington, D.C. on October 4, 2010 at the First Annual Swaps Execution Facilities Conference (SEFCON 1) hosted by the Wholesale Markets Brokers' Association, Americas (WMBAA). (Photo: Business Wire)

SEFCON 1 is the first of its kind since the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the establishment of the SEF category. The WMBAA and its partners have supported the actions of the current administration and now seek to ensure the establishment of effective rules and regulations.

Gary Gensler, Chairman of the Commodity Futures Trading Commission (CFTC), acted as keynote speaker (photo attached) at today’s event. Numerous other regulatory and industry participants were scheduled to speak on panels and sessions throughout the day.

For more information on SEFCON 1, please see: http://www.wmbaaconferences.org/

The Wholesale Markets Brokers’ Association, Americas

The Wholesale Markets Brokers’ Association, Americas (WMBAA) is an independent industry body representing the largest inter-dealer brokers (IDBs) operating in the North American wholesale markets across a broad range of financial products. The five founding members of the group are: BGC Partners; GFI Group; ICAP; Tradition; and Tullett Prebon. The association seeks to promote the quality and standards of the industry and the critical role played by wholesale brokers in the efficient functioning of financial markets, working with key public policymakers on regulation and oversight of over-the-counter (OTC) markets and their participants. For more information, please go to www.wmbaa.org.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6453882&lang=en