On June 7th, the U.S. District Court dismissed Bloomberg L.P.'s challenge of the CFTC's minimum liquidation times for the clearing of swaps and futures. The Court holds that Bloomberg lacks standing to assert its claims because Bloomberg failed to show an injury in fact and causation and redressability. Because Bloomberg did not provide any facts showing that any derivatives clearing organization ("DCO") has set or intends to set liquidation times for futures at a level lower than that set for financial swaps, it cannot establish a substantial probability of injury as a result of the rule. Bloomberg also failed to support its claim that market participants would shift to designated contract markets because of the minimum liquidation times. Bloomberg L.P. v. CFTC.