Pre-trade price transparency in IRS satisfactory – Isda survey
Current levels of pre-trade price transparency in interest rate swaps (IRS) are acceptable, according to an end-user survey conducted by the International Swaps and Derivatives Association.
Fifty-nine percent of respondents canvassed believe pre-trade price transparency is satisfactory, while only 17% of those surveyed believe it is inadequate. Meanwhile, 69% of voters rate pre-trade price transparency in the IRS market as equal to or better than foreign exchange, equities, corporate bonds and asset-based securities.
The survey contrasts with both European and US regulatory ambitions to improve transparency in OTC derivatives markets. Regulators on both sides of the Atlantic have
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