FTX.US Derivatives Seeks CFTC Approval to Clear Margin Trades Directly for Customers – CoinDesk
“As market-moving news over the last two weeks has demonstrated, large amounts of time between margining periods causes risk to build up in the system, resulting in market swings at next open and lack of clarity over participants’ ability to cover their capital requirements,” Harrison wrote.
Private Equity Is the New Financial Supermarket – The New York Times
Three decades ago, Jonathan Gray might have been an unlikely candidate to become Blackstone’s president and expected successor to its chief executive, Stephen A. Schwarzman. Very little of Mr. Gray’s career at the private equity firm has involved leveraged buyouts — the aggressive deals, often involving large amounts of borrowed money and steep cost-cutting, that […]
