Risk interdealer rankings 2010: Brokers

States of flux

industry will be watching very closely to see how US regulators decipher some of the broad principles outlined in the Dodd-Frank Wall Street Reform and Consumer Protection Act, signed into law on July 21. Some things are certain – a greater proportion of the over-the-counter derivatives market will be traded through central counterparties. Other issues are murkier – who will be designated a major swap participant and so be required to clear?

At first glance, the changes might be thought to pose