Democratize

CFTC Votes Out Final Rule on Clearing of Swaps

The Commodity Futures Trading Commission (CFTC) Tuesday voted out a final rule that will “democratize the markets” by broadening access to real-time central clearing, according to Chairman Gary Gensler. The rule is designed to bolster competition in the multi-trillion-dollar swaps market and help commercial customers by providing hedging opportunities with lower risk and volatility.

March 21, 2012