Commentary: Derivatives are following equities' path from 1930s

02/28/2013 | AdvancedTrading.com

The position of interest-rate and credit derivatives is not unlike that of equities in the 1930s, Andrew Waxman writes. Joseph Kennedy, the first leader of the Securities and Exchange Commission, worked to establish transparency while simultaneously luring participants to return to the market, Waxman writes.

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