Could medical science come to the rescue if ESMA bans RFQs in fixed-income markets?
By Vuk MagdelinicNovember 16, 2022
The European Securities and Market Authority (ESMA) Call for Evidence on Pre-hedging spells trouble for fixed-income. ESMA is concerned that a request for quote (RFQ) for a bond trade can be considered inside information if the process entails pre-hedging of the possible transaction.
Traders could be liable for multimillion-euro fines if ...
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