NetOTC shelves swaps margining service
Start-up winding down after bilateral margining rules clashed with its exposure-pooling solution
Four-year-old start-up, NetOTC, has decided to shelve its swaps margining service, after concluding it would not work under incoming bilateral margining rules.
The firm employs more than 40 people in London and New York, and has hired a string of high-profile figures to its management team and board – including chief executive, Roger Liddell, who was previously chief executive of LCH. NetOTC has also been a prominent sponsor of derivatives industry events, including this week's FIA International
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