Journal Article

OTC Derivatives—A Primer on Market Infrastructure and Regulatory Policy

Abstract: In this article, we discuss some recent developments relating to the regulation of derivatives markets, specifically the Group of Twenty (G-20) mandates, and examine the infrastructure that supports derivatives markets (including both the trade execution and post-trade clearing and settlement processes). Then we identify some of the policy issues raised by the G-20 market structure mandates. To provide a foundation for that discussion, first we explain some key concepts and terms.

Keywords: over-the-counter; Group of Twenty G20; markets;

Bibliographic Information

Provider: Federal Reserve Bank of Chicago

Part of Series: Economic Perspectives

Publication Date: 2014

Issue: Q III

Pages: 80-99