Japan regulators further relax electronic trading mandate
JFSA is initially going to mandate only three tenors of IRS for platform trading
The Japan Financial Services Agency has further narrowed the mandate for the electronic trading of yen interest rate swaps by requiring only instruments with a tenor of five, seven and 10 years, linked to six-month Libor, to be transacted this way when the directive comes into force in September this year.
The JFSA had already sought to reduce the initial impact of its electronic trading platform
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