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Financial institutions may get until 2015 to comply with Dodd-Frank rules about separating trades.
GFI and coalition of trading platforms say CFTC rules threaten the viability of the swaps market.
Change is part of a wave of last-minute postponements and exemptions by the agency.
Dodd-Frank measure requires largest dealers to guarantee trades at clearinghouses.
Department says FX swaps and forwards are already highly transparent.