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ISDA, SIFMA Respond to CFTC on 24/7 Trading

  • ISDA, SIFMA, and SIFMA AMG submitted a joint response to CFTC's request for comment on 24/7 trading and clearing.
  • The feasibility of 24/7 trading and clearing needs to be evaluated holistically considering various interdependencies.
  • It is important to discuss potential impacts like liquidity, price transparency, collateral access, and default management during non-traditional hours.
  • Further engagement is encouraged between CFTC and market participants to closely examine these issues.

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