Euronext posts 'satisfactory' H1 figures

01 Sep 2003

Euronext last week announced first half year revenues up 4% on last year to e511.4m with EBITA totalling e159.5m for the period, up nearly 25% on the...

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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.