CFTC Warned Over Anti-Disruptive Rule Specifics

The International Swaps and Derivatives Association and the Securities Industry and Financial Markets Association have warned the Commodity Futures Trading Commission against failing to specifically define the anti-disruptive practices rule in connection with the swaps market under Dodd-Frank legislation. A lack of clarity over the new rules could cause some dealers to be wary of engaging in swaps market-making activity, say industry officials.