Share of euro market involving a US dealer fell from 25% to 6% in nine months
US investment banks’ share of the
euro-denominated rates market fell to just 6% in May this year
from a quarter in September last year in response to the start
of the swap execution facility regime in the US.
The International Swaps and Derivatives Association said the
proportion of the euro market conducted between a European and
US dealer was 25% in September when the Sef mandate was
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