Platform rules for OTC markets could decimate smaller players, warn panellists
New legislation for over-the-counter derivatives could create inefficiencies and add substantial costs for smaller participants, according to speakers at the Fix Protocol trading conference for Europe, the Middle East and Africa (Emea), held in London on Tuesday.
"Cost of capital, cost of compliance, and the cost of establishing a variety of different new platforms, such as organised trading facilities (OTFs) and swap execution facilities (Sefs) could prove disadvantageous for smaller players in
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