Citadel & CME CDS joint venture

Discussion in 'Wall St. News' started by nitro, Oct 7, 2008.

  1. nitro


  2. "CME" will soon refer to the Citadel Mercantile Exchange? :eek:
  3. jem


    Instead of 700b going to broken banks it should have gone to setting up a clearing and insurance mechanism for the trades.

    This type of solution could be in the ball park. Especially if it removes counter party risk. The problem will be that an exchange like this could prove that trillions of dollars of debt is virtually worthless.