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External Meetings: Meeting with ICE on block trade and other issues
Participants discussed the benefits and drawbacks of differing approaches to harmonizing block trade rules across swaps and futures markets, including an approach based on market liquidity that would be relatively more prescriptive than existing DCM practices under Core Principle 9. With respect to CME rule 1001, ICE wanted to ensure that any outcome encouraged competition. ICE also supported the scheduled public meeting on the futurization of swaps.