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"It would be like a real estate agent selling a house, but the buyer knowing only what he paid and the seller knowing only what he received. The agent would pocket the difference as his fee, rather than disclose it. Moreover, only the real estate agent — and neither buyer nor seller — would have easy access to the prices paid recently for other homes on the same block."
"Big banks that handle most derivatives trades, including Citadel’s, didn’t like Citadel’s idea. Electronic trading might connect customers directly with each other, cutting out the banks as middlemen."
Title: A Secretive Banking Elite Rules Trading in Derivatives
http://www.nytimes.com/2010/12/12/bu...gewanted=print
"Big banks that handle most derivatives trades, including Citadel’s, didn’t like Citadel’s idea. Electronic trading might connect customers directly with each other, cutting out the banks as middlemen."
Title: A Secretive Banking Elite Rules Trading in Derivatives
http://www.nytimes.com/2010/12/12/bu...gewanted=print