Editorial - Another option

06 Jun 2008

“When Alexander saw the breadth of his domain, he wept for there were no more worlds to conquer.”

Given that CBOE has eventually received the nod to expect an end to the ongoing CBoT rights issue it has squarely been placed in the shop window at the same time. It will...

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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.