NEX unit will electronically manage confirmations and payments for equity swaps.
US regulators have given a six-month reprieve from new margin rules.
Regulations have cut the number of derivatives clearing firms.
Firms will not be able to trade if documentation is not completed.
Market fragmentation is a key challenge, writes Brian Dunton of Eagle Investment Systems.
Uncleared margin rules are driving derivatives into central clearing.
MiFID II requires OTC derivatives to have a product reference number.
New margin requirements for bilateral instruments will make exchange-traded derivatives more attractive.
Outgoing Chair cites swaps regulatory framework and systemic risk mitigation as accomplishments.