May 22, 2020 – In a letter submitted to the CFTC today, the FIA Principal Traders Group (FIA PTG) opposed proposed amendments to delay the reporting of block transactions in swaps for 48-hours. FIA PTG cited their long history of advocacy and support for increased market transparency across the full spectrum of asset classes. They noted that in their role as liquidity providers, it is their experience that transparent markets are more efficient, competitive, and liquid and they reiterated their general concerns about the negative impacts of reduced transparency: significant market asymmetries; reduced market resiliency and the impact on related markets.
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