Korean exchange integration on the cards

31 Mar 2003

Korea's three securities and futures exchanges have been slated for integration, potentially leaving open management control over two of the world's fastest growing futures exchanges.

A government financial development deliberation committee has recommended three integration proposals. One is for...

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“A lot of banks have spent a lot of money calculating the cheapest way to collateralise their positions, and they’ve hired some very bright mathematicians to do it. Why would they gamble all of that by using the cheapest clearing house?”

Senior rates players believe fears of a race to the bottom among clearing houses has been overstated.