Liquidity not margins will determine clearing house success: SGX

muthukrishnan-ramaswami-sgx
M Ramaswami, Singapore Exchange

There won't be a race among central clearing houses to provide the lowest cost margin model to dealers because the competitive landscape will instead be decided on which platform can provide the most liquidity, says Singapore Exchange president M Ramaswami. Speaking at a recent Asia Risk event in Hong Kong, the Bank of England's head of payments and infrastructure, Edwin Schooling Latter, warned of the potential for central counterparties (CCPs) to compete for business by reducing the level o