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 –
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