Wall St regulator backs new push to shore up $24bn Treasury market

Wall St regulator backs new push to shore up $24bn Treasury market

Wall Street’s top regulator has advanced new rules to push more Treasury bond trading by high-speed traders and hedge funds through clearinghouses, in one of its most assertive attempts to shore up the $24 billion market. Clearinghouses sit between trading counterparties and require insurance, or margin payments, to prevent a default from spilling over into …

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