Nine Banks Organize to Build Mifid Utility

Last week, ABN Amro, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, Merrill Lynch, Morgan Stanley and UBS signed a letter of intent and term sheet to gather trade transparency information across Europe.

The consortium is now in the process of finalizing the selection of a technology provider to develop the new platform. A Request for Proposal (RFP) was sent to service providers this past July. A vendor is expected to be selected by sometime next month.

In its first phase, the pla

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: