Kite, Shane
October 2009
Securities Industry News;10/19/2009, Vol. 21 Issue 22, p1
Trade Publication
The article reports that the inter-dealer brokers (IDBs) are afraid that they will be forced to execute trades in swaps over the trading platforms of the exchanges just to get access to their clearing services. In effect, the Wholesale Market Brokers Association (WMBA), the IDBs lobbying group, requested the House Financial Services Committee to write guarantees of legal recourse into pending legislation on credit default swaps.


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