The biggest firms have a joint incentive to create a shared platform to fix chronic issues in exchange traded derivates processing, like fragmentation and lack of transparency. Bank of America, Barclays, Citi, Goldman Sachs, JPMorgan, Wells Fargo, and BNP Paribas just invested $25.4 million in FIA Tech and its Trade Data Network (TDN) initiative. TDN […]
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