A New Pact Will Help Derivatives Markets
The world’s derivatives markets saw more than $640 trillion in trading activity in the first six months of 2019 alone. At the heart of these global markets are clearinghouses known as central counterparties, where futures, swaps and options transactions are cleared and settled. The efficient and proper functioning of central counterparties is critical to the health of the global financial system and the economic well-being of the more than 770 million people in the EU and U.S.
Derivatives allow companies to hedge their risk,...
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