The Securities and Exchange Commission is no longer going to be a wholesaler of publicly reported data, according to an assistant chief counsel (speaking on his own at SIBOS 2011). There will now be an ‘enormous focus’ on data on derivatives and other products that until now has not been otherwise available.

Data on derivatives, such as credit-default swaps, is the immediate objective, said Matt Reed, Assistant Chief Counsel of the Securities and Exchange Commission. This has been set out in its proposed rules set out in November 2010 on information to be placed into swap data repositories, as new electronic markets for such financial instruments emerge.

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