NetOTC Suspends Market Infrastructure Initiative, Citing Regulatory Challenges
Posted: Wed Jun 08, 2016 3:59 pm
NetOTC, a risk solutions firm, has pumped the brakes on its end-to-end market infrastructure initiative, following a number of barriers from new regulations that ultimately sapped the project of momentum, per a recent NetOTC development.
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UK-based NetOTC had been pioneering a fully integrated end-to-end market infrastructure for non-cleared over-the-counter (OTC) derivatives, working in conjunction with a plethora of regulatory and industry bodies, banks, and their respective clientele. However, the project ran into some early headwinds, which plagued the initiative, ultimately ... (read more)