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International Securities Exchange (ISE) has appointed Mark Dehnert to serve on its board of directors as a representative of the exchange’s electronic access members (EAMs).
Dehnert replaces Randy Frederick and...
“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.