Rolling spot faces inclusion in Dodd-Frank

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A large portion of the foreign exchange spot market could still be subject to mandatory clearing and exchange trading under the US Dodd-Frank Act, despite the widely held assumption that spot, swaps and forwards had won a full exemption from the rules, FX Week understands.

While swaps and forwards are to remain exempt, following a final determination from the US Treasury in November 2012, a lack of clarity over product definitions issued by the Commodity Futures Trading Commission (CFTC) means

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