A specialised enforcement “squad” has been set up by Washington’s main futures regulator as it increases scrutiny of the $300tn US derivatives market, a top official said.
David Meister, director of enforcement at the Commodity Futures Trading Commission, said the swaps squad is one of two created in recent months. The other unit is focusing on manipulative and disruptive trading practices, including possible violations by high-frequency traders, he said at a securities industry conference.
Monday, March 19, 2012
Swaps squad to oversee $300tn US market
The Financial Times reports:
