Wall Street traders making big bets on derivatives would receive relief from regulation only if they met certain standards under a rule proposed on Monday. The Commodity Futures Trading Commission voted to introduce a draft rule that limits how firms can qualify for exemptions through so-called block trades.
Banks and brokerage firms place the trades, large private transactions typically negotiated outside the scope of an exchange, as a service to investors that want to purchase a big bulk of derivatives...............................................Full Article: Source
|