Days of Futures Past Episode 6 | Dan McElduff and Joe Raia, Abaxx Exchange
SmarterMarkets™
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The Benefits of a Clearing House in OTC Trading
The clearing house puts even OTC trades participants on the same level in terms of credit risk. Parties can now buy or sell a good with not just a chosen counterparty, but they have access to an entire system. That creates this opportunity to expand on the community that's trading in a particular commodity.
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