EU Policymakers Question New OTC Trading System
By Jeremy Grant
Published November 30 2011 Financial Times
European policymakers have cast a cloud over the growth of voice-brokered deals in over-the-counter (OTC) derivatives markets after questioning the wisdom of the creation of a new category of trading system where such dealing methods could survive for years to come. Regulators want to shift OTC derivatives away from the privately-negotiated market currently dominated by big dealer banks and intermediaries and have such instruments traded on electronic trading platforms instead.
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