There is “zero demand” for European trading platforms to apply for US regulatory approval under the terms of a transatlantic accord unveiled in February, according to executives at interdealer broker GFI Group. The comments are the latest to paint the accord as a flop.
The so-called qualifying multilateral trading facility (QMTF) regime is an attempt to paper over the cracks that have emerged since US over-the-counter derivatives reforms took effect. The same reforms are months or years away in
The week on Risk.net, October 6-12, 2017Receive this by email
- Quantile, TriOptima face off in cleared swaps compression battle
- SGX, HKEX expect to be among first wave of Mifid II equivalence
- Leaked EU doc could shield legacy swaps from clearing grab
- ABS set for revival under US Treasury’s liquidity buffer plans
- Quants stymied by lack of alternative risk premia flows data