New rules on the processing of derivatives contracts over exchange platforms are set to come into force in mid-March after being passed by the European Parliament.
The regulation mentioned is this article is EMIR (European Markets in Infrastructure Regulation) which will mandate reporting, clearing and collateral management against OTC Derivatives for Financial Insitutions. Although this regulation mentions electronic
trading, this part of the activity will be rather covered by MIFID 2, which should come into force by 2015. Therefore no mandatory exchange trading of OTC Derivatives is expected before that date.
to $120K base, double OTE, benefitsNew York City, NY or Boston, MA (USA)
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