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Swaps Revolution Falling Flat

Matthew Leising, Bloomberg,  Swaps Revolution Falling Flat as Brokers Keep Grip on New Market, here.

Two weeks after the regulatory shift related to the Dodd-Frank Act took effect, there’s been little change — and little indication that it’s coming. Banks are tradinginterest-rate swaps exclusively with banks in one area, while buyers and sellers such as money managers are doing business in another, according to seven people with direct knowledge of the matter, who asked to not be named because they’re not authorized to speak on the topic publicly.

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