SIA Submits Comments to the CFTC on Certain Non-Competitive Transactions
Published on:
April 27, 1998
The Over-The-Counter (OTC) Derivative Products Committee of the Securities Industry Association (SIA)* provides comments to the Commodity Futures Trading Commission (CFTC) on the CFTC’s Concept Release regarding the regulation of non-competitive transactions executed on, or subject to the rules of a contract market. Among SIA’s observations and recommendations regarding the Concept Release, is the strong endorsement of the implementation by the exchanges of rules permitting the execution of exchanges of futures contracts for swaps.
*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.