Proponents of swaps and futures disagree at CFTC hearing

Commodity traders faced off with swaps brokers at a Commodity Futures Trading Commission hearing on whether swaps rules unfairly favor one group over the other. CFTC Chairman Gary Gensler downplayed the disagreement. "Approximately eight-ninths of the derivatives marketplace [is] swaps and until recently was unregulated," he said. "Now we bring regulation to both sides; is it not just natural there might be some realignment?"

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