Three could be a crowd for Australian OTC clearing market

Sydney home to world's fourth largest IRS market but is that big enough?

aaron-woolner

Followers of the Pythagorean school viewed three as the first real number, with the ancient Greek mathematician claiming that Apollo gave oracles from a tripod and preached libation three times.

But the number three is relevant to derivatives users in a different context. Goldilocks famously tried three beds until she found one that was "just right" – and the news that CME has become the third player to gain an Australia clearing licence means clients now have a choice of three separate clearing

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