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Nasdaq OMX has said Adena Friedman has assumed the role of chief financial officer, replacing David Warren.
Friedman was appointed in February after Warren announced his decision to resign.
The US exchange said Friedman would...
“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.