The U.S. Commodity Futures Trading Commission will vote next week on a block trade proposal for the futures market. The proposal, which builds on a block trading rule that the CFTC adopted for the swaps market in May, would set minimum sizes that firms have to report their large futures trades, known as "block trades," to the public. It comes after the CME Group and Intercontinental Exchange switched all their over-the-counter energy swaps to the futures market. Firms had hoped to escape the requirements imposed on the $650 trillion swaps market. The block trade rule adopted by the CFTC in May sets a minimum sizes for block trades. It divides swaps into categories and sets a size threshold for each category. CFTC Chairman Gary Gensler has said that a block trading rule would improve price transparency in the futures markets. "This is important so that we do not allow for arbitrage between the swaps market that now has a block rule and the futures market that does
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