CFTC urged to delay deadline for swaps rules

The Commodity Futures Trading Commission is poised to implement rules governing the trading of swaps starting Wednesday. Market participants, however, are encouraging the CFTC to delay the launch of the rules, which require most swaps to trade through swap execution facilities, processed through central clearinghouses and then reported to data warehouses. "There is potential that trading is temporarily disrupted," said Matt Nevins, managing director in SIFMA's asset management group. Read SIFMA AMG's letter to the CFTC.

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