End-users believe Sefs will hurt swap market – Isda survey
A new survey from Isda shows end-users are pessimistic about rules requiring the use of swap trading platforms, and also believe the lag between US and European implementation has split liquidity along geographic lines
New execution rules for over-the-counter derivatives will make the market more expensive, less liquid and less easy to use, according to a survey of swaps end-users conducted by the International Swaps and Derivatives Association – results that raise questions about the regime, says the chairman of Isda, Stephen O'Connor.
"From an end-user's perspective, you have to ask whether it makes sense to
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