Trading of key credit default swaps contracts is likely to be shifted on to exchanges under pressure from watchdogs as the new US administration grapples with a regulatory response to the financial crisis, Duncan Niederauer, chief executive of NYSE Euronext, said on Tuesday.
I think there s going to be a lot of pressure to trade more of these OTC [over-the-counter] products on regulated and transparent exchanges, he said, referring to CDS contracts on indices.
