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Surviving Counterparty Risk and Crashing Rates

A Q&A with Penson's Daniel Son

Traders Magazine Online News, June 12, 2009

Gregory Bresiger

These days, clearing is a dicey business. Problems include lean margins, firms falling by the wayside, counterparty risk, falling Federal Funds rates that hurt lending lines and big correspondents changing firms owing to numerous changes on Wall Street, among others.

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