Association says the speculative element of OTC markets commonly over-rated
The International Swaps and Derivatives Association (ISDA)
has published a report arguing that the amount of speculation
in the over-the-counter (OTC) derivatives market is commonly
It makes the case that 65% of turnover activity is conducted
as dealer-to-client and that "These participants, comprising
non-dealer financial institutions and non-financial customers,
use derivatives primarily to hedge risks and reduce volatility
on their balance sheets."
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