Regulators are widely expected to implement rules to require over-the-counter derivatives trades to be processed through central clearinghouses. But a majority of commodity investors in the U.S. and Europe are not preparing for the rules, according to a study. "Many investors simply haven't had the information or time to work out the precise impact of the new rules on their trading businesses," wrote Woody Canaday, a consultant at Greenwich Associates, which released the study.

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