The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Foreign Exchange

CFTC exempts FX swap market from pre-trade disclosures

The US Commodity Futures Trading Commission’s (CFTC) division of swap dealer and intermediary oversight has exempted swap dealers and leading swap participants from the requirement to disclose pre-trade mid-market marks to counterparties in certain FX transactions.

The regulator made the announcement late last week, after issuing a no-action letter on December 6.

The exemption applies to all “covered FX transaction” provided that all real-time tradable bids and offers are available electronically in the market place to a counterparty, and that the counterparty to the FX transaction agrees in advance, in writing, that the swap deal or leading swap participant need not disclose a pre-trade mid-market price. 

This article was originally published by Euromoney FX News.

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree