Amid a growing trend towards vertical integration in the derivatives trading business, the U.S. Commodity Futures Trading Commission (CFTC) is proposing new rules to deal with conflicts of interest and other concerns that arise due to these kinds of structures. Those components include derivatives markets, clearing organizations, swap execution facilities, futures dealers and market makers. In its consultation, the CFTC noted that dealers, exchanges and clearinghouses are already subject to requirements that deal with conflicts of interest, reporting and disclosure. “By setting forth principles-based regulations for vertically integrated market structures, the CFTC is taking a significant step in our continued efforts to support responsible innovation in U.S. derivatives markets,” said CFTC chairman, Michael Selig, in a release. “This proposal would institute purpose-fit rules of the road that bolster market integrity without stifling novel market structures or imposing excessive compliance costs on registrants,” he added.