Real-time repo needed for non-stop trading – DRW’s Wilson
Isda AGM: Veteran trader warns of “ugly tail risks” if market plumbing is not upgraded
Innovations such as intraday repo using blockchain technology are needed to mitigate the “ugly tail risks” of around-the-clock trading, according to Don Wilson, chief executive of eponymous market-making firm DRW.
Always-on trading is already a feature of foreign exchange and crypto markets, while Robinhood will soon allow retail traders to transact stocks 24 hours a day, five days a week. Wilson said repo markets – often described as the plumbing of the financial system – must keep up to
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