I’m not surprised that multiple firms are competing to be the swap data repository of choice. This is America after all, so if an opportunity exists (especially one created by government mandate) than several firms will go after it. However, I’m not sure I get the business model for running an SDR. Having control over […]
Tag: dtcc
Swaps Data Deal Under Dodd-Frank Wins 89% Market Share for DTCC (Bloomberg)
Last week we learned that ISDA decided they would endorse DTCC as the swaps data repository for interest rate products, essentially shutting down the repository created by TriOptima only a year or so ago. I love competition to spawn innovation and lower prices as much as anyone, but in this case I think the best […]