The contract before the chicken and the egg
To the perennial question “Which comes first; the music or the words”? Ira Gershwin responded, “What usually comes first is the contract”. And so it is with financial instruments like derivatives,...
View ArticleMaking premium lemonade (exhibit A) – JP Morgan adopts single trading platform
In today’s FT, JP Morgan announces its derivatives trading re-engineering effort – 3 years in the making, and baking. Is this what everyone else means when they say preparing for regulatory compliance?...
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