Vendors Await 'Yes' Decision
The consortium last week decided to operate purely as a common contribution platform for indicative pre-trade quotes and post-trade reporting, and not to incorporate trading capabilities—by carrying executable prices and operating a trading platform—at least initially.
Now that decision has been made, the consortium can focus on selecting a vendor partner, according to a source familiar with the situation. Project Yes issued a request-for-proposal at the beginning of the year, and has received
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