NEW YORK, Nov 10, 2008 (BUSINESS WIRE) --
ICAP (IAP.L), the world's largest interdealer
broker, has today published a White Paper on the future of the over the
counter (OTC) markets. The Paper sets out ICAP's
recommendations for improving the trading, transaction processing and
risk management infrastructure supporting the OTC markets in the wake of
the exceptional conditions that have dominated markets and financial
trading in recent months.
These markets, which trade securities worth over $5 trillion per day,
form the backbone of the world's financial
system. The White Paper looks at ways to improve their liquidity and
transparency and reduce operational risk, as well as recognising the
contribution the OTC market has already made at reducing systemic risk
through mechanisms such as portfolio compression.
The study, entitled "The Future of the OTC
Markets", argues that the global wholesale OTC
markets are critical to the worldwide financial system, and that ... more »
