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For producers, the jury was still out Wednesday on how the Obama administration’s legislative package to regulate the $500 trillion over-the-counter (OTC) derivatives market would impact them, but there was some cautious relief.

Sen. Charles Schumer (D-NY) said he is drafting legislation that would require the reporting of over-the-counter (OTC) derivative trades — including energy transactions — to a central trade repository, making it easier for regulators to keep closer tabs on the market.

“Two complementary regulatory regimes” will be required to prevent fraud, manipulation and other abuses in the over-the-counter (OTC) derivatives market, the head of the Commodity Futures Trading Commission (CFTC) told a Senate subcommittee last week.

“Two complementary regulatory regimes” will be required to prevent fraud, manipulation and other abuses in the over-the-counter (OTC) derivatives market, the head of the Commodity Futures Trading Commission (CFTC) told a Senate subcommittee Monday.

Federal regulators’ oversight of over-the-counter (OTC) energy futures would deepen significantly under a sweeping financial regulatory reform plan unveiled by President Obama last Wednesday.

Federal regulators’ oversight of over-the-counter (OTC) energy futures would deepen significantly under a sweeping financial regulatory reform plan unveiled by President Obama Wednesday.

A call for mandatory clearing or pushing all over the counter (OTC) market futures products onto an exchange, particularly nonstandardized products, was one of the main points of dispute among congressmen, financial industry witnesses and critics at an extensive hearing on market reform Thursday before the Senate Committee on Agriculture, Nutrition and Forestry.

IntercontinentalExchange (ICE) has listed the Pine Prairie gas storage facility in Evangeline Parish, LA, as a gas market hub on the ICE over-the-counter (OTC) trading platform.

Global futures exchange CME Group has gotten the green light from two regulators to begin clearing over-the-counter (OTC) credit default swap (CDS) transactions through CMDX, a joint venture company with Chicago-based Citadel Investment Group. Regulatory reviews by the Federal Reserve Bank of New York and the Commodity Futures Trading Commission (CFTC) are complete, and the last hurdle — approval by by the Securities and Exchange Commission (SEC) — is expected soon.