From today, swap users have to trade on one of the over-the-counter market's new platforms when executing certain interest rate swaps under US rules, but they don't necessarily need to execute in their own name. The arrival last week of so-called sponsored access trading at Bloomberg and Tradeweb – in which a client can trade via a dealer's account – sparked a flurry of coverage. It also sparked a debate about whether the concept has a future.
Supporters including Credit Suisse and UBS argue tha
The week on Risk.net, February 10-16, 2018Receive this by email