Trading places

14 Dec 2007

Quod Financial, an execution provider, has appointed Andy Menzies as executive vice president, sales and marketing. Formerly vice president of worldwide sales for Apama, Menzies will build the company's brand in electronic trading across all segments of 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.