What are the unintended consequences of 871(m)?
What are the unintended consequences of 871(m)?
Distinct clearing thresholds could be developed by ESMA.
Euro clearing may be forced to move from London after Brexit.
CFTC and Bundesbank argued over the supervision of euro clearing.
Buyside is looking for specialised execution services.
US regulators will not support a forced relocation of euro clearing.
Use of algos has risen with the increase of electronically streamed NDF prices.
Liquidity of interest rate swap clearing services will increase.
Gross market value of outstanding OTC derivatives contracts last year fell to the lowest level since 2007.
