The battle ground for OTC clearing is being formed, but who will win out?
Had an interesting week in the sunshine at the FIA annual
conference at Boca Raton, Florida. Not surprisingly, the main
topic was the move to bring the worlds of exchange traded and
OTC derivatives together. This has been mandated by
politicians/regulators on both sides of the Atlantic and will
lead to the creation of a multitude of electronic platforms
known as SEFs in the US and OTFs in Europe… or will
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