If tokenised money market funds (MMFs) are to eventually be used as collateral, market participants say the instruments need to become more widely accepted as margin to have an impact.
Speaking at the Futures Industry Association’s International Derivatives Expo in London on June 18, Eileen Herlihy, global head of sales for trading services at JP Morgan, said the eligibility of MMF collateral will determine the success of this technology in derivatives markets.
“Collateral cannot sit static; it
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
