Operations Risk Odd Ones Out
Trading derivatives over the counter has brewed up problems in the back-office of many a bank. But Rob Jameson hears that matching some transaction details electronically might allow the human talent to focus on any complications.
This month’s launch of the Londex service (see related story, this issue) is part of a lengthy battle to solve problems in the back-offices of banks that trade in derivatives over the counter.
In principle, a derivatives deal is done when the trader puts down the phone
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