Derivatives transparency comes with costs, CME risk exec says

There are genuine benefits created by the new transparency requirements being imposed upon the securities markets, particularly those trading interest-rate swaps and credit-default swaps, but they won't be free, said Dale Michaels, managing director of credit and market risk management for the CME Group. "The good thing is the transparency. The bad thing is it does come with cost," he said.

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SIFMA OPS 2012: Transparency Comes With A Cost - Securities Technology Monitor

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