US regulations are forcing upheaval in the swaps trading market.
Trading is moving from phone to computer, new venues are being created and the industry is required to clear more of its trades than ever
before. Jonathan Fieldman, chief operating officer at Broadway Technology, a US fixed income trading technology
company, explains to Philip Stafford how these changes are more likely
to alter market shares for existing players than to usher in high
frequency swap trading.
Produced by Darryl Thomson. Filmed by Rod Fitzgerald and James MacDonald.