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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (22303)	7/28/2011 8:37:41 AM
From: Berk	Read Replies (1) \| Respond to of 220890

GZ, when you trade futures, how do you offset counter party risk in a Black Swan event? This would be a major concern, especially since the FED may be powerless. Not trying to say that this will happen but these things can happen very quickly. I used to be a member of the CBOE and in 1987 the system was saved by the acquisition of Continental Bank by the FEDS. CB owned First Options which was a major clearing firm on the floor so a real domino effect would have happened.