Days of Futures Past Episode 6 | Dan McElduff and Joe Raia, Abaxx Exchange
SmarterMarkets™
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The Future of Clearport
The Enron platform was doing some of the work that at an exchange or a clearing house or other market infrastructure would do prior to its collapse. It became a tool that almost everybody was using and they were getting enough liquidity where in many cases, some of their markets were on autopilot. But at the end of the day, it was built on an shaky foundation, you know, because it was one single credit that the whole market was going up against.
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