Mifid II transparency rules pose swaps pricing challenge
Isda AGM: dealers fear pre-trade transparency could lead to front-running of hedges
Dealers fear a high pre-trade transparency size threshold in Europe's electronic execution rules will lead to front-running when they try to hedge over-the-counter derivatives, making pricing a challenge and potentially increasing costs for end-users.
"The reason we're concerned about pre-trade transparency is we believe it has the biggest impact on price," said Mario Muth, global head of rates eTrading sales at Deutsche Bank, speaking at the International Swaps and Derivatives Association's
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