Major Banks Complete Swap Trading Standard
FICWG, which comprises leading investment banks such as Barclays, Commerzbank, JPMorgan, Goldman Sachs, BNP Paribas and others, has been in discussion with the venues expected to register as Swap Execution Facilities (SEFs) in the US, and Organized Trading Facilities (OTFs) in Europe since last year. The group aims to promote global best practices for trading instruments such as credit default swaps and interest rate swaps using open standards from the Financial Information Exchange (FIX)
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