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Swap-Trade Platforms Spurred by Dodd-Frank Weighed at CBOE, NYSE

CBOE Holdings Inc. and NYSE Euronext may create venues for derivatives that now trade over the counter to capitalize on proposed rules designed to bring more transparency to the $583 trillion market.

The exchange operators may form swap-trading platforms for privately negotiated derivatives that the government plans to move onto regulated trading systems or exchanges that will provide public data about prices and transactions, according to interviews with company executives over the last week. Most of the contracts are now traded between broker-dealers over the phone or through private electronic systems.