Finally, the Council agencies will continue to assess how best to enhance transparency in OTC derivatives markets, within the parameters of the new regulatory framework. This work will consider the role platform-based execution might play in enhancing pre- and post-trade transparency. It will also examine any legal and confidentiality constraints to making aggregated trade-repository data on OTC derivatives market activity publicly available.
The price of a ton of cold rolled steel sheet, or a linear yard of cotton broadwoven fabrics, could be reasonably compared over a period of years. But in our new century, the simple notion of price has turned decidedly ambiguous. What is the price of a unit of software or a legal opinion?