Friday, December 18, 2009
Revenue potential in OTC derivatives clearing, bank says
Morgan Stanley estimated that $1 billion in revenue is up for grabs as over-the-counter derivatives contracts start trading through central clearinghouses. "We expect significant levels of standardized OTC derivatives to be centrally cleared in two to three years, driven by changes in legislation and regulation, decreased tolerance for counterparty risk post-Lehman, increased demand for transparency, and reduction of systematic risk," Morgan Stanley said.
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