RIP OTC: Swap futures gaining buy-side fans

RIP OTC: Swap futures gaining buy-side fans

rip-otc

“I felt like the little boy shouting the emperor had no clothes,” says Don Wilson, founder and chief executive of DRW Trading in Chicago, recalling a conversation he had with an irate congressional staffer when the Dodd-Frank Act was still in its infancy. “I asked her: ‘What do you think the difference is between a swap and a future?’, and she got really angry, calling it a stupid question, and saying everybody knows swaps are more risky. And I said: ‘With all due respect, they are very similar

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: