Federal Reserve Board

242 results about this entity

Period: 17 Feb 2006 - 26 Jul 2024

Dealers pledge to create electronic credit derivatives market

Leading credit derivatives dealers have pledged to cut the backlog of unconfirmed trades littering back offices by 70% by the end of June, as part of a package of measures aimed at creating a largely-electronic marketplace.

Credit derivatives dealers meet Fed targets

The Federal Reserve Bank of New York says the world's major derivatives dealers have met initial targets for reducing the backlog of unconfirmed trades in the booming $12.4 trillion credit derivatives market.