Vision of Buyside Clearing Fails to Become Reality
By Telis Demos
Published January 21 2012 Financial Times
Even in the world of complex derivatives, it is worth remembering a hoary old business tenet: the customer comes first. Many arcane debates have raged around the core Dodd-Frank financial reform act principle that more derivatives trades should be centrally cleared, including whether smaller dealers should be allowed to participate in clearing.
