Major dealers and industry associations have agreed with international regulators to actively pursue ambitious infrastructure improvements in the over-the-counter derivatives market. The goal of the improvements is to reduce systemic risk and enhance transparency in the $450 trillion (notional) market for instruments that Warren Buffett has famously called “financial weapons of mass destruction.” At the core of the infrastructure improvement proposal is a dramatic expansion of the use of electronic platforms. The goal is to achieve automated matching on trade date, known in the industry as T+0, thereby “creating an environment that will mirror performance in mature markets and eliminate material confirmations backlogs.”