Reuters has embarked on a quiet campaign to counter some banks' use of abusive price contribution practices to advertise their market-making services on key multicontributor pages, such as its core WRLD pages. Along with investigating suspected offenders, the vendor is evaluating rule-based programming techniques to detect abusive contributors.
Foreign exchange trading managers at a number of banks agree that certain banks have been contributing data -- not just to Reuters, but also to Teler
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails