Derivatives Clearing and Transparency Don't Go Hand In Hand?

An interesting article from the New York Times, “A Secretive Banking Elite Rules Trading in Derivatives” on the incentive for leading banks to control the over-the-counter derivatives market and the proposed clearinghouses.  Cardea Partners helps our clients combat this natural disadvantage in the marketplace and reduces the unseen fees of such swaps transactions by creating transparency and competition. (NY Times, December 12, 2010)