Competition for post-trade derivatives business heating up.
With Dodd-Frank now law, the post-trade piece of the derivatives market is where the action is. Joining other dealer banks, Goldman Sachs has thrown its hat into the ring by announcing on July 27 the launch of its Derivatives Clearing Services (DCS) business. DCS will provide OTC clearing service for interest rates, credit, foreign exchange, equities and commodities. What will it mean for treasury?