I know I know – another announcement of the “first” electronic swap trade. But its important to keep tabs on who’s doing what and what the final client offerings might entail. We must also remember that those that trade for a living don’t necessarily have time to keep up with the latest regulatory proposals and how different brokers and providers are planning to address them. I’m sure we’ll see many more announcements like this for the next year at least.
“The recent flood of “first trade” announcements may seem redundant, but it is important for regulators and potential clients to be kept abreast of the progress that continues to be made as regulatory deadlines approach,” said Kevin McPartland, principal at independent research firm TABB Group.