Ice move from swaps to futures unlikely to be last, says O’Malia

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Scott O'Malia: "regulatory nightmare of swaps markets"

The decision by Atlanta-based Ice to accelerate its transition of all existing over-the-counter cleared swap and option positions to economically equivalent futures or options contracts reflects a lack of clarity in new swaps regulation, a commissioner at the Commodity Futures Trading Commission (CFTC) has said. And Ice is unlikely to be the only exchange to make the shift, he added.

Ice announced on September 4 that it would bring forward plans to convert its cleared swap and option energy

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