CDS Market Structure and Which Names Get Quoted
The internal plumbing of wholesale credit default swap markets quietly decides which companies dealers will price and which they will ignore, and why.
BusinessClearinghouse Loss Waterfall Rules: Who Pays First
A clearinghouse's default waterfall determines whose resources absorb losses and in what order, a critical read for anyone clearing commodity trades.
BusinessWhy Some Shippers Can't Hedge Freight Risk
The internal structure of wholesale freight derivatives markets quietly locks out most shippers. Here's who gets access and why it matters.