Waters Panelists: OTC Derivatives Change Good, But Imperfect

John Burchenal, Traiana

Barry Smith, director of global exchanges and trading venues at Equinix, first likened it to stuffing a pig down the mouth of a large snake. At first it seems like too much for the animal to swallow, but slowly it gets its jaws around the meal. That was the last few months of firms coming into compliance and getting the new trading and clearing mechanisms up and running. Right now the python is digesting. In a few months the first swap execution facilities (SEFs) will fail and—be warned