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CFTC's Gensler Comments on Dodd-Frank Rules

Published July 20 2011 Futures Magazine

I support the proposed rulemaking for customer clearing documentation and timing of acceptance for clearing. The proposed rule promotes market participants’ access to central clearing, increases market transparency and supports market efficiency. This proposal will foster bilateral clearing arrangements between customers and their futures commission merchants. This proposal also re-proposes certain time-frame provisions of the Commission’s proposed rule in February related to straight-through processing.

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