Derivatives markets participants, including PIMCO, Blackrock and Freddie Mac, have opposed the public reporting of large swap transactions within 15 minutes, Financial Times reports. The Commodity Futures Exchange Commission (CFTC) proposed last year that large swap trades and ‘block trades’ should be reported within 15 minutes.

Many institutional investors and big users of swaps prefer a delay of at least 24 hours on reporting large swap transactions as reporting swap trades within 15 minutes will not enable a dealer to hedge their exposure. As per the Coalition for Derivatives End-Users, an across-the-board 15-minute time delay that does not account for the instrument type and market conditions is too simplistic to be effective for the derivatives market.

Click here for the story from Financial Times.