Joint Study on the Feasibility of Mandating Algorithmic Descriptions for Derivative: A Study by the Staff of the Securities and Exchange Commission and the Commodity Futures Trading Commission as required by Section 709(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act

摘要

The Study fits within the broader context of the Commission's work toward bringing greater transparency to the derivatives markets by requiring market participants to collect, report, and manage their risk exposures. In essence, the Study explores whether the collection, reporting, and management of risk exposures can be aided by the computer-readable descriptions--a common dictionary with standardized, electronic spelling for each aspect of a derivative.