The Asset Management Group of the Securities Industry and Financial Markets Association has requested the Commodity Futures Trading Commission to extend the expiration date for the last phase of previously granted relief from the requirement to mandatorily execute certain package transactions on swap execution facilities or designated contract markets. This relief initially was granted on May 1 and is scheduled to expire on November 15. Package transactions are transactions between two counterparties quoted with one price that have at least one leg involving a swap trade subject to mandatory execution under CFTC rules
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SIFMA asks for further delay in trade execution requirement for package transactions
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