There was more reaction this afternoon from trade bodies and market participants to the European Commission’s Communication on Derivatives, published this morning (July 3).
The Wholesale Market Brokers’ Association, a London-based group of interdealer brokers, welcomed the Commission’s approach to increasing transparency in the OTC markets, which it said echoed proposals by the US Treasury to move both OTC and exchange-traded derivatives on to central counterparty clearing.
Alex McDonald, CEO of WMBA, said...