CFTC braced for litigation over swap reporting showdown

Rule 1001 would route trades cleared at CME exclusively into its swap data repository. The Depository Trust & Clearing Corporation claims the rule is a ruse to skirt Commodity Futures Trading Commission rules and monetise swap data. Now the lawyers are being called in. Peter Madigan reports


Murder, blackmail, heart-wrenching custody battles – these are the subjects of the best courtroom dramas. Swap data reporting appears an unlikely addition to this list, but the way CME Group plans to run its new repository business has given rise to a fierce war of words with its rival, the Depository Trust & Clearing Corporation (DTCC) – and it may take a judge to separate them.

The US Commodity Futures Trading Commission (CFTC) is caught in the middle – it wrote the rules governing swap data

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here