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A&O vs Linklaters in IM platform race

Law firms are backing rival attempts to cut margin doc costs for buy side

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Two services aimed at automating a mass of derivatives contract changes – and the two big law firms that are backing them – are going head-to-head as the market gears up for a huge leap in the number of firms that need to comply with new initial margin (IM) rules.

Allen & Overy, IHS Markit and SmartDX have teamed up to develop Margin Xchange, an online platform for negotiating and executing IM

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