 Quote:
Originally Posted by FIRE'd@51
Won't there still be an over-the-counter market for these products even if they have an exchange?
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I'm not sure precisely how they're going to go about it. I'm not even sure the Fed knows at this point (they are still asking for proposals). But there was talk of requiring broker dealers to use a centralized counterparty and clearing organization. I don't know to what extent they'd still have the ability to do over the counter trades along side the exchange.
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