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Mifid II to revive interoperability debate
08 March 2017
Swiss clearing house thinks Mifid II open access rules will help firms embrace interoperability
The open access
rules under Europe's Mifid II directive will re-invigorate the
debate around clearing interoperability and could see the scope
of interoperability widen to include more categories of
derivatives, a clearing
expert has told FOW.
interoperability of central counterparties (CCPs), which
effectively gives firms an option of where to clear their
trades, emerged in Europe after the first version of Mifid
which took effect in 2007.
Early examples of European interoperability involved a
handful of clearing firms, or central counterparties
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