Work still needed to meet equity commitments


Participants in the equity derivatives market say a significant amount of work remains to be done before they can meet regulatory targets for electronic processing of over-the-counter trades.

Dealers have committed to ensure 60% of equity derivatives trades will be eligible for electronic processing by the end of 2009, a significant step up from levels of 40% last October. The commitment was given to the Federal Reserve Bank of New York on October 31 last year by the Operations Management Group

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