Exchanges must help regulators, Brodsky vows as new WFE head

03 Feb 2009

Bill Brodsky, chairman of the Chicago Board Options Exchange, has taken over as chairman of the World Federation of Exchanges – the first representative of a derivatives exchange to hold the role. He immediately promised to assist global regulators.

Brodsky,...

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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.

Exchanges must help regulators, Brodsky vows as new WFE head

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