Audio Records of Swaps and Futures Trades Required by CFTC

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Derivatives traders will be required to keep audio records of commodities transactions under U.S. Commodity Futures Trading Commission rules completed in a private vote today.

The regulation, revised by commissioners to limit the impact on smaller brokers, could help the CFTC’s enforcement unit determine traders’ intent when investigating alleged wrongdoing, the agency said in a statement. It is already common practice for equities traders to make such recordings.