CFTC, SEC: Derivatives Definitions Can Be Standardized
By Amelia Granger
Published: April 11 2011 Wall Street Letter
The Commodity Futures Trading Commission and the Securities and Exchange Commission released the results of a joint study on requiring derivatives to have standardized, algorithmic descriptions today, concluding that the technology was feasible. The study was mandated by the Dodd-Frank Act, which deals primarily with over-the-counter derivatives such as swaps, but the report notes this could be applied to traditionally listed derivatives as well.
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