id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
cblr-1745	Chang, Felix B.	Second-Generation Monopolization: Parallel Exclusion in Derivatives Markets	2017	83	.pdf	application/pdf	26648	1271	51	Derivatives markets serve as a compelling example of parallel exclusion and its harms for several reasons. Combatting the dominance of incumbent dealers underpins much of the corporate and financial regulation of clearinghouses.28 In fact, breaking up dealer dominance has been an implicit goal of the Commodity Futures Trading Commission’s rules on derivatives clearing organizations.29 So far, though, regulatory efforts have failed in this respect.30 All in all, parallel exclusion in derivatives markets is likely to constitute a pernicious kind of exclusion—more anticompetitive than efficient, and altogether risky for the 26 See infra Part IV.	cache/cblr-1745.pdf	txt/cblr-1745.txt