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NetOTC shelves swaps margining service

Start-up winding down after bilateral margining rules clashed with its exposure-pooling solution

Esma HQ
Esma and other European authorities issued their margin rules in March

Four-year-old start-up, NetOTC, has decided to shelve its swaps margining service, after concluding it would not work under incoming bilateral margining rules.

The firm employs more than 40 people in London and New York, and has hired a string of high-profile figures to its management team and board – including chief executive, Roger Liddell, who was previously chief executive of LCH. NetOTC has

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