The SEC and CFTC have each proposed rules for a new type of trading venue known as a swap-execution facility that is designed to increasemarkettransparency.
The CFTC recently announced several measures to increasemarkettransparency, including more information sharing between U.S. and European markets and a re-examination of how certain index traders are classified.
The agreement was broadly supported by the parliament's centre-right, Social Democrat, liberal and Green groups, who said it would increasetransparency and improve market functioning.
Unregulated private pools might see an opportunity to expand but encouraging investors to use these vehicles hardly seems consistent with efforts to reduce risk, increasetransparency and ensure greater market stability.
According to SEC spokesman Matt Well, the SEC's office of market regulation is in the process of finalizing proposals to increase the transparency of SRO governance.