Regulations have cut the number of derivatives clearing firms.
Half of liquidity provided on MarketAxess’ Open Trading was from asset managers.
Asset managers are having to become more self-sufficient in trading.
New regs put securities financing under the microscope.
Firms will not be able to trade if documentation is not completed.
Majority of managers say off-the-rack options don't cut the mustard.
LA Ledger should be ready for regulatory validation within a few months.
Uncleared margin rules are driving derivatives into central clearing.
Buy side needs more info on what the sell side is up to.