Buy-side technology

technology arms race

Post-crisis reform of the over-the-counter derivatives market can be boiled down to a single bet: regulators have decided to swap product complexity for structural complexity. Bilateral trades will be replaced by transactions involving executing counterparties, swap execution facilities, clearing members, clearing houses and data repositories.

There’s an emerging narrative about what this means: a combination of electronic trading and clearing will encourage more standardised OTC trades and, pos

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