The U.S. Commodity Futures Trading Commission is poised to deny requests from Wall Street firms for a broad delay of rules requiring they move their swaps transactions onto government-mandated systems by Oct. 2.

Lobbyists representing market participants have asked the CFTC to delay when they must start trading on swap execution facilities, or SEFs, rather than privately in over-the-counter markets, according to letters sent to the regulator. The International Swaps & Derivatives Association and the Securities Industry & Financial Markets Association are among groups that say their members need more time to prepare for the transition.

“I don't see a wholesale delay of Oct. 2,” Steve Adamske, a CFTC spokesman, said in a Sept. 24 telephone interview. Instead, the regulator will review requests for delays case by case, he said. “We will take a look at anybody who is looking for no-action relief on a targeted basis.”