An ancient Greek philosopher named Heraclitus is said to have coined the phrase “The only thing that is constant is change.” Roughly 2,500 years later and these words ring truer than ever. In the world of asset management, it’s crucial that firms have a grasp on where things are heading so they can remain competitive, but it’s becoming increasingly difficult to predict the direction in which things might go.
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Trading barriers such us collateral requirements, netting of contacts and cross-margining were removed.