1/10/2013

A global trade repository designed to store data for the foreign exchange market is scheduled to launch today. Depository Trust & Clearing says derivatives-clearing organizations will begin reporting trades to the service, while banks and financial firms operating in the U.S. may do so but are not required to until Feb. 28. The debut is positive but is hardly a panacea, Geoffrey Rogow and William Kemble-Diaz write.

Related Summaries