CFTC de minimis report worries US energy firms

Use of "alternate indicators" for dealing activity raises alarm bells in industry

cftc-hq
CFTC faces key decision on lowering de minimis threshold

A long-awaited report from the US Commodity Futures Trading Commission (CFTC) has shed light on the agency's thinking with respect to the de minimis threshold for swap dealer registration – and the results are proving worrisome for energy firms, which fear a lower threshold will saddle them with onerous new regulations and damage liquidity in commodity derivatives markets.

Under the Dodd-Frank Act, the CFTC must set a threshold level of swap trading activity to ensure smaller participants in ove