Eris Exchange: Brady's bunch aims to make swap futures a hit

Brady's bunch


An unstated aim of the Dodd-Frank Act is to open up the over-the-counter derivatives market to new entrants, loosening the stranglehold enjoyed by the big dealers and dealer-backed clearing and trading venues. Various names have thrown their hats into the ring but with little obvious success: the would-be interlopers claim that’s because they’re battling entrenched, vested interests; dealers claim it’s because business models borrowed from the listed derivatives world do not work in the OTC mark

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