The Bloomberg link to Peterfly is interesting. Terry Duffy on CNBC said that they have a mathematical algorithm that figures out the amount of margin needed for CDO's. This will protect the clearing house from systemic risk. Today for futures, they use SPAN, CME's patented and proprietary software to figure out margin on futures.
-
pajamasmedia.com/blog/.../
Nov 01 17:10 pm
|Rating:
0
0
All Comments by pittrader1988 »America Needs an Independent Clearinghouse for OTC, CDS [View article]
The Bloomberg link to Peterfly is interesting. Terry Duffy on CNBC said that they have a mathematical algorithm that figures out the amount of margin needed for CDO's. This will protect the clearing house from systemic risk. Today for futures, they use SPAN, CME's patented and proprietary software to figure out margin on futures.