High Drama at CFTC: The Battle Over Swaps and Futures

Gary Gensler, chairman of the Commodity Futures Trading Commission, arrives for a Senate Agriculture Committee hearing in Washington, D.C. Photograph by Andrew Harrer/Bloomberg

Hearings at the U.S. Commodity Futures Trading Commission aren’t exactly known for their riveting entertainment value. Nor for their mass-market appeal. Yet on Thursday, it was standing-room-only at the CFTC headquarters in Washington as the commission held a roundtable discussion about the recent migration of swaps trading into the futures market.

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