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Clearing House

MF Global Collapse Puts Spotlight On Clearing Houses

Posted 12.23.2011 | Business

LONDON (Reuters) - The collapse of U.S. futures brokerage MF Global has brought to light inconsistencies in the way clearing houses operate, prom...

How to Deceive a Client Without Really Trying

Omer Rosen | Posted 06.11.2011 | Business
Omer Rosen

When it comes to bonds, the client is conveniently never shown how to settle based on prices. Instead they are taught a nonsensical and more complicated method called yield settlement.

Legerdemath: Tricks of the Banking Trade

Omer Rosen | Posted 05.25.2011 | Business
Omer Rosen

I'd just turned 20 when I began a three-year stint on Citigroup's corporate-derivatives team. I had no work experience to speak of. As my boss said after my interview, I was "f***ing unpolished."