External Meetings: Meeting with GFMA
External Meetings: Meeting with GFMA
Discussion of proposed rulemaking in the context of the foreign exchange swaps market
Discussed the need to continue with the SFP position limit rulemaking. David Downey noted that traders face frictions in the futures market that don't exist in the OTC market and that traders must trade in size. He also noted that the five-day period for position limits is arbitrary.
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