Regulators are pushing for over-the-counter derivatives to trade through a clearinghouse so failed trades would not cause a domino effect. While commodities make up only 2% of the massive derivatives market, participants in the energy market said the crackdown could make trading much more complex. "In what regulators are attempting to accomplish here, energy is the dolphin getting caught in a tuna net," said Michael Cosgrove of GFI Group.

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