There is a change occurring on Wall Street, a collective re-adjustment of deck chairs among elite club members. Highly bespoke SWAPs contracts, many of which were not even digitally cataloged, are now proudly trading out of the closet and on cleared exchanges. Obviously there are risk management contracts so specialized that the idiosyncratic nature of their risk guarantees cannot be batched with other SWAPs. But such non-standardized risk insurance is an outlier in a major trend change has occurred over the last eight years. That trend change is also visible through a $15 million Series B funding announced Thursday by OpenFin.
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