Rocky reporting could lead to derivatives data disaster

Trader 230x150
By Hazel Sheffield
13 Nov 2014

Reporting of over-the-counter and exchange traded derivatives to repositories is floundering in its aim to make trading more transparent, some seven months since reporting started in Europe. Market participants say a broken system consisting of multiple trade repositories could harbour risk, rather than reduce it.

It is believed that around only 3% of reported exchange traded derivative trades are being paired and then matched in a trade repository. Based on notional principal volumes outstanding data published by the Bank for International Settlements for June 2014, the latest figures available, that would ...

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