ECB finds market making decline for OTC derivatives
A European Central Bank (ECB) survey has found that market making in over-the-counter (OTC) derivatives decreased last year, but respondents were confident of their ability to support the products during bouts of market stress.
The survey is a quarterly assessment of market conditions in the euro OTC derivatives and securities financing markets. Its respondents are large banks and dealers.A majority of the respondents expected their market making activities to not change this year. They mainly attributed 2019’s market making decline to ...
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