Energy firms scramble to avoid swap dealer label

Energy firms scramble to avoid swap dealer label

Despite speculation some energy companies would be forced to register as swap dealers under the US Dodd-Frank Act, many firms appear determined to avoid the designation, with just one major trading house having registered by the time Energy Risk went to press.

As of February 22, a total of 77 companies had submitted applications to become swap dealers, according to the National Futures Association, the Chicago-based industry group that is handling the registration process. The vast majority of

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