Buy Side Still Not Ready for June 10 Swaps Deadline

New York

Category 2 must begin clearing on June 10, less than two months from now. But at last week's Futures Industry Association (FIA) New York Expo, none expressed confidence in their own readiness, or said the process has been anything close to smooth.

"I'm very nervous even though we've started with one futures commission merchant (FCM) and started moving along with a second and are about to choose our third," says Amy Caruso, director at Babson Capital Management. "The onboarding process, running w

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