The Federal Reserve Bank of New York released a report that shows most large interest-rate swaps trades between major banks and customers are hedged within 30 minutes. Fed researchers analyzed three months of information from the $442 trillion interest-rate swaps market. "Our findings suggest that introducing a public price reporting regime may not disrupt hedging activity in interest-rate swaps as long as there are meaningful protections that delay reporting or mask trade sizes," according to the report.

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