Proponents of swaps, futures disagree at CFTC hearing

Commodity traders faced off with swaps brokers at a Commodity Futures Trading Commission hearing on whether new rules for swaps 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. Now we bring regulation to both sides, is it not just natural there might be some realignment?" Gensler said.

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