Dating to 1867, Bismarck's laconic description of politics as "the art of the possible" favors tactical pragmatism over longer-term idealism. In 2014, many asset managers anticipating the MAT mandate this week will surely sympathize.
Confusion over swap execution facilities' (SEFs') individual rulebooks, and issues around the Commodity Futures Trading Commission (CFTC) rule 1.35 specifically, have made the ideal approach—evaluate the venues, make a few selections, and connect to them outright—in
Bryan Harkins joins to discuss how the CBOE-Bats integration is going and plans for the exchange operator going forward. Anthony and James talk about the SEC hack and Esma's potential new powers.Subscribe to Weekly Wrap emails