Isda AGM: E-trading should be a choice, says O'Connor
Removing voice as an option would leave clients facing execution risk, says Isda chair Stephen O'Connor - but some buy-side firms see it differently
Market participants should not be forced to trade over-the-counter derivatives electronically, Stephen O'Connor, chair of the International Swaps and Derivatives Association, told journalists at the Isda annual general meeting (AGM) in Chicago this morning.
Dealers worry that Commodity Futures Trading Commission (CFTC) rules on the trading of OTC products could prohibit voice as an acceptable means of execution, compelling firms to use electronic platforms only – and O'Connor argued that would
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