In the military they call it “mission creep”, when a campaign expands well beyond its original objectives. Goals begin to shift, and the resulting mission may look nothing like what was originally intended. To say that Thanksgiving shopping is experiencing mission creep is an understatement. Retailers, seeking a leg up on the competition, began to experiment with an earlier start to the holiday shopping season, and midnight of Thanksgiving became the new battle line. Ever emboldened to make the most of Black Friday, retailers like Wal-Mart, Sears and Target then shifted the line towards 8PM, figuring most turkeys had been cooked and consumed by then, and shoppers were surely ready for some spending action. Now, the front line has shifted yet again, as Retailer Kmart announced a 6AM opening on Thanksgiving. Black Friday, as it were, is now Thanksgiving, the…

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Evaluating SEFs as a Transparency Mechanism in the OTC Derivatives Market February 2, 2010 In addition to the market transparency that would be provided by central trade repositories, CFTC Chairman Gensler is proposing that the vast majority of OTC derivatives be required to trade on regulated “swap execution facilities” (“SEFs”). Examples of SEFs include electronic trading platforms such as FXall and Tradeweb. Download Complete Article

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