On November 30, 2018, the Commodity Futures Trading Commission (CFTC) proposed new rules to change how swap execution facilities (SEFs) operate. Based on feedback, they decided not to proceed with many of these changes as they could complicate the market and increase costs. Instead, the CFTC is focusing on specific, smaller updates to improve SEF regulations without causing major disruptions. This decision reflects the Commission's intention to make changes that are more measured and less controversial.
Simple Explanation
The CFTC thought about changing some rules to make trading a certain way on big swaps platforms better, but after listening to feedback, they decided to go with smaller changes instead, to keep things simple and not make trading more confusing or expensive.