Margin Xchange iced after regulators lift IM burden

A&O-backed platform quits two-horse race, leaving Linklaters-backed service with a clear run

Two law firms have been vying to create a service that would help derivatives users comply with new margin rules. Now, after regulators cut the industry’s workload by an estimated 90%, only one is left.

“Due to a dynamic regulatory environment, the market has not evolved as quickly as we envisioned, and we did not feel it was economical to support a platform that delivers more than the market requires right now,” says an Allen & Overy spokesperson in an emailed statement.

Margin Xchange –