While 16 banks submit daily offers for the various tenors of the London Interbank Offered Rates (LIBORs), and the top four and bottom four get thrown out before the remaining eight are averaged, Barclays admitted to attempting to “benefit Barclays’ trading poisitons” by submitting artificially low rates from 2007 to Read more…
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 Read more…
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 Read more…