Discussion in 'Wall St. News' started by kaciara, Apr 7, 2009.
It's $70bn in notional, which is a piddly amount...
Still insignificant. FX does trillions every day.
Keep in mind these are derivatives. They need to clear 5T before they start to get CDS's under control.
ok i agree
i know trillions flush in forex per day and that cds market could be bigger than worst roubini expectation of 3T
just wannay say if someone starts to clear a market and during the first month he gets 70b, above expectation...
than probably that market is "big" and very liquid
imo a key technical news
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