This content is from: Portfolio
VIDEO: Lee Olesky, CEO of Tradeweb
Criticisms of new trading and clearing rules for derivatives are overblown, according to Lee Olesky, CEO of Tradeweb, an electronic trading platform for derivatives and fixed-income securities.
Although critics of financial reform worry that new trading and clearing rules for derivatives will have unintended consequences, one industry executive says such concerns are overblown.
Lee Olesky, CEO of Tradeweb, an electronic trading platform for derivatives and fixed-income securities, told Institutional Investor in a recent video interview that he believes proposed new rules that would require trading in credit-default swaps and similar instruments to be handled by exchanges and clearinghouses will reduce systemic risk, as Congress and regulators intended.
Olesky says that the exchanges and clearinghouses would bring more transparency to the market and that, in turn, would improve liquidity, thanks to growing trading volumes — much as happened in other markets where trading was once thin.
Lee Olesky, CEO of Tradeweb, an electronic trading platform for derivatives and fixed-income securities, told Institutional Investor in a recent video interview that he believes proposed new rules that would require trading in credit-default swaps and similar instruments to be handled by exchanges and clearinghouses will reduce systemic risk, as Congress and regulators intended.
Olesky says that the exchanges and clearinghouses would bring more transparency to the market and that, in turn, would improve liquidity, thanks to growing trading volumes — much as happened in other markets where trading was once thin.
See Institutional Investor Executive Editor Ronald Fink’s interview with Olesky.