Following Dodd-Frank: Goldman, BlackRock Complete Swaps Deal
July 1, 2011
Goldman Sachs Group, one of the worlds largest derivatives trading shops, and $3.65 trillion asset manager BlackRock Inc. said they have followed the Dodd-Frank Wall Street Reform Act in completing an entire trade execution to clearing cycle of an index credit derivative trade. The transaction marks Goldmans first swap trade with a client to be electronically executed and centrally cleared.
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