BNP Trader: Keep FX Derivatives Off Exchanges
11-13-2009 | Source: Derivatives Week
Regulators should not require FX derivatives to be traded on exchanges and through clearinghouses as the unregulated market has held up well during the current crisis, according to Hubert de Lambilly, deputy global head of FX and hybrids trading at BNP Paribas. Speaking at a conference in Hong Kong, De Lambilly said while he does not support forcing the FX derivatives on an exchange, less dramatic changes would be appropriate, such as improving transparency though better disclosure of derivative positions, Risk.net reports.
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