US Senate panel sets hearing on derivatives market

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WASHINGTON, June 1 | Mon Jun 1, 2009 4:05pm EDT

WASHINGTON, June 1 (Reuters) - The U.S. Senate Agriculture Committee said it has scheduled a hearing for Thursday on regulatory reform of derivatives markets, with Commodity Futures Trading Commission Chairman Gary Gensler testifying.

Democratic Senator Tom Harkin, committee chairman, has introduced legislation that would bring all over-the-counter futures trading onto regulated exchanges.

A statement from his office said the hearing would "continue his effort to move this legislation forward." (Reporting by Kevin Drawbaugh; Editing by Dan Grebler)

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