Digital & Resilience

Could medical science come to the rescue if ESMA bans RFQs in fixed-income markets?

By Vuk Magdelinic
BRR fallback image

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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