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Transaction lifecycle management firm, SmartStream Technologies has appointed John Mason as the company’s UK regional director.
Mason replaces Richard Cummings, who moved to head SmartStream’s Asia...
“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.