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Hackathon finds pre-trade gold in Isda’s post-trade project

Dealers’ derivatives trade processing costs could be cut by at least $3 billion per year

They came to Barclays’ offices from around the world – 30 teams of software engineers competing in a hackathon to save money for derivatives dealers. The shared starting point was the latest version of a new industry approach to the way trades and lifecycle events are classified, but each team then had to take it further – to find new uses.

And they did – promising interoperability between

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