Back-office technology product of the year: Isda/Markit

Lansing Gatrell

On August 13, derivatives dealers found themselves facing a compliance challenge of epic proportions – final language setting out what counts as a swap had just been published in the Federal Register by the US Commodity Futures Trading Commission (CFTC), triggering a 60-day countdown to the implementation of new rules on business conduct.

The industry’s solution to those rules – which, among other things, require dealers to collect information from their clients and check they are eligible to tr

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