DTCC Files Legal Challenge to CFTC's Swap Reporting Rules
The Depository Trust and Clearing Corporation (DTCC) and its DTCC Data Repository (DDR) subsidiary have filed a lawsuit challenging three actions by the US Commodity Futures Trading Commission (CFTC), which they say are anti-competitive and will lead to increased costs for market participants that have already chosen to use the DTCC's swap data repository (SDR).
The DTCC and the DDR say the CFTC has created an anti-competitive environment by allowing the Chicago Mercantile Exchange (CME) and
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