Dissent for the block trade rule is still rampant. As the thinking goes, if large swap trades, those that occur in illiquid products that occur weekly or less, are reported within 15 minutes as CFTC proposed rule suggests than the resulting information leakage would cause liquidity (and potentially the market) to dry up completely. There […]
Tag: block trade
Swaps Platform Urges 'Better Than TRACE' Reporting Jumbo Trades (Wall Street Journal)
Defining a “block trade” in the swaps market is one of the many jobs of the regulators in the next few months. As this story points out, average trade sizes for swaps change drastically based on product and market conditions making it pretty difficult to set a single number. Maybe more important is the reporting […]