The meeting was held at the CFTC's Washington, D.C. office.


 


Participants discussed: (i) considerations regarding swap execution facilities; (ii) buy-side investment processes; and (iii) swap data repositories.

We discussed stable value contracts, in general, and the forthcomming Congressional study on SVCs.

The consultation was conducted at the SECs Washington, DC office.  CFTC staff participated by teleconference.


The participants reviewed the statutory language regarding business conduct, including §4s(h) of the Commodity Exchange Act and §15F(h) of the Securities Exchange Act of 1934. The participants also discussed the nature and activities of the swaps dealing business and dealers interactions with counterparties.

The Chiarman and representatives of CLS discussed the regulation of FX swaps. In particular, they discussed whether FX swaps should be subject to clearing and whether certain longer dated products should be cleared. In addition, they discussed whether CLS might become a trade repository.

The meeting was held at Bloomberg's Washington, D.C. office.


 


Participants discussed: (i) Bloomberg's business and operations with respect to fixed income and derivatives; (ii) methods of execution; and (iii) processing of fixed income and derivatives transactions.

The participants discussed various issues related to position limits as envisioned by the Dodd-Frank Act, including aggregation and exemptions.

The meeting was held at the CFTC's Washington, D.C. office.


 


Participants discussed: (i) Javelin's business and operations; (ii) objectives and requirements relating to the Dodd-Frank Wall Street Reform and Consumer Protection Act; (iii) central limit order books; and (iv) considerations regarding impartial access, transparency, market surveillance and risk management.

The meeting discussed the issues raised in Morgan Stanley's comment letter dated September 20, 2010, including the definitions of "Major Swap Participant" and "Swap Dealer."