Reopening and Extension of Comment Periods - CFTC - Comment Letter - Eris Exchange - June 3, 2011

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Dodd-Frank Act - Reopening and Extension of Comment Periods - CFTC
June 3, 2011

From the comment letter:

Eris Exchange’s comments focus on the “mosaic” of rules proposed by the Commission. Specifically, Eris Exchange:

  • observes that the Commission’s proposed rules will lead to a more efficient swaps market for end user clients;
  • urges the Commission to take a “principles based” approach to the implementation of some of the key areas for final rulemaking; and
  • urges the Commission to publish, as soon as possible, a clear implementation timeline for mandatory clearing and trade execution. These “hard dates” for implementation will allow the industry to adequately plan for and make the strategic decisions and resource allocations needed to prepare for the post Dodd-Frank marketplace


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