BlackRock: All-To-All Trading Could Cause Flash Crash

An all-to-all format of pricing and trading over-the-counter derivative swaps could lead to a flash crash in the interest rates market, according to Peter Fisher, vice chairman at BlackRock.

  • 26 Jan 2011

--Mike Kentz

An all-to-all format of pricing and trading over-the-counter derivative swaps could lead to a flash crash in the interest rates market, according to Peter Fisher, vice chairman at BlackRock.

In Fisher’s opinion, market makers could be scared off from providing prices on some swaps if any market ...

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