CMC Members Discuss Electronic Recording Rule

On CMC’s policy call yesterday, members and staff discussed the salient points of the CFTC’s electronic recording and recordkeeping rule, which is expected to be promulgated in a few weeks.  The rule pertains to futures/swaps transactions and related cash transactions, and applies to all Designated Contract Markets (DCM) members, covering both written and oral communications.  CMC members have strong concerns about the rule, and strategies to educate and advocate the CFTC were discussed.

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