Published: - Updated:
Created: 15 July 2015
Trading counterparites are best placed to ensure that the buy-in requirements are effectively applied and that in many markets (in particular fixed income) the trading venue is not in a postion to know whether any transaction it processes has settled or failed, or that a buy-in can or should be initiated.
We also alert ESMA to the legal risk a trading venue might be unduly exposed to.
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