ISDA Releases Equity Derivatives Transparency Studies

International Swaps and Derivatives Association

ISDA has published two independent studies on transparency in the OTC equity derivatives market: a paper describes the structure, participants, products and existing forms of pre- and post-trade transparency and a quantitative study which analyzes differences in pricing amongst dealers and between dealers and end-users. Generally, the paper concludes that the industry has moved towards increased post-trade regulatory transparency. The statistical study showed that the end-users trading with dealers are not at an informational disadvantage.

Date

January 26, 2011