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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
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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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