S.E.C. Proposes New Swap Rules

"For even the most sophisticated investors, derivatives trading can be murky at best.

But financial regulators are now on the verge of equipping investors with crucial information that has long been secret: The prices at which derivative contracts are trading.

The Securities and Exchange Commission on Wednesday proposed new rules that would allow derivatives trading to move from the private corners of the financial world onto new exchange-like platforms, known as swap execution facilities, a term coined by the Dodd-Frank Act."