Accessibility Links
The Multi Commodity Exchange of India has launched a New Castle Thermal Coal Future today (August 7) – attracting 55 trades during the day.
Lamon Rutten, managing director and chief executive officer at MCX, said in a statement that he believed...
“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.