CFTC want swaps to be as transparent as stock markets!


Gary Gensler, Head of the Commodity Futures Trading Commission (CFTC) proposed today that:

swaps could be traded on venues as transparent as stock markets

Also, that

Swap venues also could have a “request for quote” system, as long as the request for a quote to buy or sell a swap was sent to at least five market players in the trading system.

Reuters cover the story here

Great insight (as always) is provided by the StreetWise Professor (here)

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