Size Of Swaps Market Misreported Due To Data Error, Says CFTC

The Commodities Futures Trading Commission indicated due to technical errors, the size of the swaps market has been under-counted. According to a Reuters report, the reporting error in the swaps data highlights the challenges confronting the CFTC. Technical errors at two swap data repositories CFTC indicated that the size of the overall swaps markets was understated in the weekly reports it began publishing last month. Depository Trust & Clearing Corp, the largest repository and the repository managed by the CME Group Inc (NASDAQ:CME) are the two repositories responsible for maintain market data. The DTCC informed CFTC that the notional values…