The Managed Futures Association has issued a paper arguing that disclosing the names of counterparties to transactions executed anonymously on a swaps execution facility “undermines Dodd-Frank Act goals.” MFA argues that the continued practice of post-trade name disclosure on dealer-to-dealer SEFs is “suppressing buy-side trading” and bifurcating swaps markets between dealer-to-dealer and dealer-to-customer SEFs, thereby impairing liquidity.