Nick Solinger says many firms are not ready for the upcoming requirements
Post trade technology firm
Traiana has warned that clearinghouses and swap execution
facilities have a "lot of work to do" to meet the next deadline
for swaps trading in the US.
On June 2, packaged transactions which include at least one
component subject to MAT (made available to trade) rules will
be subject to the clearing requirement.
Central counterparties and Sefs
are preparing to trade and clear these complex swaps, however
according to Nick Solinger, head of product strategy and chief
marketing officer at Traiana, many are not ready.
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