Q&A by Rob Friesen
STRUCTURAL CHANGES CAN IMPACT TECHNICAL PATTERNS
Market structure, procedures, and settlement processes have come a long way since the 1700s when couriers made the journey to consummate a transaction by horseback or by ship. The settlement adopted at that time for Amsterdam and London exchanges was 14 days. Obviously, the perils that came with the modes of transportation as well as the quantity of time involved put significant counter-party risk on the table ...