US meltdown spurs central clearer debate
"We're hoping the long-term effect generally is to move these and other products onto exchanges or electronic communications networks (ECNs), where there is far more transparency and the possibility for increased distribution of risk," said one hedge fund manager.
He said AIG's demise was surprising and that Currenex is still trying to get back to normal after replacing the insurer with JP Morgan as the central clearer on its anonymous trading platform (FX Week, September 22).
However, a senior
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