Meeting Date:
Wednesday, June 6, 2012
CFTC Staff:
George Pullen
John Dunfee
Stephen Sherrod
Nhan Nguyen
Laurie Gussow
John Paul Rothenberg
Esen Onur
Gregory Kuserk
Organization(s):
Managed Funds Association
Citadel Investment Group
King Street Capital Management
HBK Investments
External Attendees:
Laura Harper (Managed Funds Association)
Stephen Berger (Citadel Investment Group)
Christopher Eig (King Street Capital Management)
Howard Baum (King Street Capital Management)
Kim Rozman (HBK Investments)
Additional Information:
Managed Funds Association discussed the following aspects of the FNPRM:
- Recommended that swap categories be estabished based on product type for each asset class, e.g.; also recommended separate categories for CDS for indexes, options, and tranches;
- Opposed use of 3-month data set in calculating minimum block sizes and recommended conceptual test to check minimum block sizes against current market conditions
- Recommended that proposed cap sizes should not exceed minimum block sizes
