A call for closure
Speakers from the sell- and buy-side, technology vendors and platforms underscored that the upheaval and ensuing costs will ripple on for years to come. Concerns ran from margin financing, to mutualisation of CCP defaults, and the operational and structural risk posed by Traiana which, according to the post-trade vendor, touches 30% of all FX trades.
Prime brokers said how clients, particularly hedge funds, are increasingly asking for collateral funding services. "If the central clearing
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