Japan's FSA To Require Electronic Trading Of OTC Derivatives
Published December 22 2011 Nikkei
The Financial Services Agency is planning to make electronic trading mandatory for over-the-counter derivatives in an effort to improve transparency. The agency will propose the requirement in legislation next year and sees it taking effect two to three years later. U.S. and European financial regulators are moving in the same direction. Traded between financial institutions, OTC derivatives offer ways to hedge risk or profit from it. They include options and credit default swaps.
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