Regulatory debate nears final stages

摘要

By the time you read this, major legislation affecting trading may have already passed through the Senate. The Wall Street Transparency and Accountability Act of 2010, approved by the Senate in late April and debated by the Senate in early May with possible passage in late May, requires most over-the-counter (OTC) derivatives contracts be traded on exchange and cleared, requires mandatory clearing of swaps, requires real-time price reporting, and regulates foreign exchange transactions.