OTC Derivatives Trade Reporting Costs 'Will Rise'
Survey finds investment banks have already spent an average of $25 million
The majority of market participants expect the cost of over-the-counter derivatives trade reporting to rise, a new survey has found.
Sapient Global Markets this month released the findings, gathered by canvassing some 50 delegates to the 30th annual general meeting of the International Swaps and Derivatives Association (ISDA), held in Montreal in April.
About 50% of respondents were sell-side participants and about 33% buy-side. The rest were broker-dealers.
Paul Gibson, a consultant at Sapient
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