Who's next? It's the obvious question when a company falls victim to pressures that apply across its sector.
So, when it became more expensive to trade a pay-fixed US dollar interest rate swap that would clear at CME Group – and relatively cheaper to execute the same trade if it was going to LCH.Clearnet's SwapClear – it was not just the two clearing houses and their customers that started fretting.
In theory, a price difference could emerge for any product cleared at two or more central counter
The week on Risk.net, July 7-13, 2018Receive this by email