The venture between the two Chicago firms is meant to launch within 30 days and would provide a fully integratedtrading and clearing platform for the complex derivative contracts that have been one of the flash points of the credit crisis.
The venture between the two Chicago firms is meant to launch within 30 days and would provide a fully integratedtrading and clearing platform for credit default swaps, the complex derivative contracts that have been one of the flash points of the credit crisis.
It's a reference to the pre-World War II forerunners of a corporate form whose modern iterations are better known as keiretsu, those vertically integrated manufacturing and trading cartels that gave Japan Inc. its fearsome reputation in the 1980s.