Scott O'Malia, a member of the Commodity Futures Trading Commission, says the agency continues to work on final rules governing swap-execution facilities, but that progress has been slow. "We are not as close as you might think. As long as the SEF rules are being negotiated in the press, we are not making headway, and that's how things are playing out right now. We need to go back and get a negotiation going because I see no progress. I've seen no progress in the past two weeks,” O'Malia said.