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The majority of financial institutions and corporations around the world agree that moving OTC derivatives trading to a system of centralised clearing would help manage risk but many market participants still harbour serious concerns about the prospect, according to a survey from Greenwich Associates.
Eurex Clearing is working on ways to clear non-standardized over-the-counter equity derivatives once the European Securities and Markets Authority has been established.
Competition to clear over-the-counter derivatives will likely be the main theme of 2010, as providers actually fire up operations.
For anyone toiling in the arcane world of clearing, figures out this week showing that the over-the-counter derivative markets were showing signs of life must have sounded like good news.
The level of standardisation in the over-the-counter derivatives market is "unacceptable", a senior European Union official warned industry players Thursday night.
EU internal market commissioner Charlie McCreevy described...
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