Aug. 21, 2023
This proposal is absolutely paramount to making the US securities markets once again orderly. Swaps MUST be made transparent, and reporting must be frequent and enforced. Too long have these market mechanics remained opaque and allowed fraud and manipulation to fester. Along with FTDs, swaps have brought immense risk and assymetry. Contrary to what some of the other large institutional market participants in their comments would like you to believe, there is no reason for leaving parts of the market opaque, other than their self-interest in having room for market manipulation. Bring transparency, oversight and enforcement to the markets, if you want stability and to retain belief in the system. Yours sincerely, Concerned market participant