We find there is no loss of multilateral netting benefits for a settlement window of at least one hour when our model is applied to the US equity markets. The hubs in the system reach their maximum ...

Trade has long proven to be an engine for growth and development, and in recent decades the countries of East Asia and the Pacific have been major beneficiaries of this phenomenon. However, many are ...

Asia’s businesses and households rely on a global system of rules and institutions to do business overseas. That global system is under attack, and Asian governments are yet to mobilise to stop it.

Regulator to consult on technology provider, request-for-quote system and pre-arranged transaction system use cases that challenge the trading venue regulatory perimeter. ESMA has set out plans to ...

For the best part of a century, the world trade has grown exponentially on the back of rule-based multilateral trading system. The year of 2025 witnessed the 30th anniversary of the World Trade ...

The international order is evolving quickly, with new cooperation mechanisms replacing inferior multilateral frameworks. One major trend has been the “minilateralization” of multilateralism, whereby ...