The Commodity Futures Trading Commission announced Monday its second extension of the effective date for the rules. The original date under the law was last July 16, which the CFTC had extended to Dec. 31. The regulators haven't been able to complete writing many of the rules. They say their complexity has delayed the process.Derivatives are traded in a $600 trillion market worldwide. Their value hinges on an underlying investment or commodity
-- such as currency rates or oil prices.
[Associated
Press]
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