Giancarlo: CFTC has no right to end swap market split

Participants should choose all-to-all or two-tier structure, argues commissioner

j-christopher-giancarlo
Christopher Giancarlo

The Commodity Futures Trading Commission (CFTC) has no authority to create an all-to-all US swaps market, and liquidity will suffer if the agency tries to remove the barriers dividing the market into interdealer and dealer-to-client liquidity pools. Those were the opinions voiced by CFTC commissioner Christopher Giancarlo at a conference in New York on February 10.

"Markets will evolve from a dealer-to-dealer and dealer-to-client market-place to something that looks more like an all-to-all

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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net 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 Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net 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