It’s really a question of what countries
are willing to bargain with each other,
of give and take, request and offer.
Yes, one of the principles of the WTO
system is for countries to lower their
trade barriers and to allow trade to
flow more freely. After all, countries
benefit from the increased trade that
results from lower trade barriers.
But just how low those barriers should
go is something member countries
bargain with each other.
Nordic Fixed Income Derivatives are traded and cleared in a unique market structure. Trades in fixed income derivatives are reached through bilateral negotiations between buyers and sellers, and reported to NASDAQ OMX Derivatives Markets for central counterparty clearing. NASDAQ OMX Derivatives Markets becomes the counterparty to both the buyer and seller, i.e. central counterparty (CCP) clearing. This structure combines the advantages of a cleared market, with the flexibility and the secured liquidity of a market maker driven market....
The RBI operates the government bond market, and therefore acts as monetary authority and
debt manager, as well as regulator of the government bond market and its key participants—
primary dealers and banks.
Other participants are regulated by SEBI, the Insurance Regulatory
and Development Agency (IRDA), or the Provident Fund regulator. New securities are issued by
auction, with primary dealers required to participate. Trading is a mix of OTC bilateral
negotiation and an order matching system.