Former Fed Gov. Frederic Mishkin

Former Fed Gov. Frederic Mishkin says current environment a good time for derivatives exchange sector, as moving over-the-counter products onto exchange platforms is a viable means of mitigating counterparty risk in the markets. Mishkin, speaking at Futures Industry Association's annual meeting in Boca Raton, Fla., lauded the derivatives industry, saying that futures markets have become a critical means of hedging risk.