Rumble in the IM jungle: how new platforms match up

After testing rival margin services, banks now have to pick a favourite – one has better tech, the other is cheaper

Boxing promoters know most people are not students of the sport. To sell a fight, there needs to be a sub-plot – hence the lengthy marketing tours, press conferences and weigh-ins involving showy bust-ups between the rival pugilists and their camps.

In contrast, the fight between Margin Xchange and Isda Create sells itself. The two services are vying to help swaps users comply with the fifth and final phase of the market’s new margining regime in 2020, when as many as 1,100 buy-side firms will