ETFnerd

Exchange-Traded Derivatives: Why Stop at CDS?

www.bis.org/statistics...

This is probably the source of Pirrong's $600 trillion #. If you net net down the f/x and ir contracts, you'll have a much lower number. The MV for the classifications will have changed a great deal from the values athered as of 12/31/07.

Exchange-Traded Derivatives: Why Stop at CDS?

"But of course the amount of non-CDS OTC derivatives, with all their counterparty risk, dwarfs the CDS market."

This is clearly a wrong statement, but feel free to come back and provide evidence. Does posting articles in SA mean that you don't have to check facts any more? Is SA the recepticle of fractured journalism?