Michael Spencer, founder chairman of derivatives broker Intercapital, and of gaming house City Index, should recognize good odds. He's prepared to offer them against the success of Liffe's much-touted euro swap contract, the Libor financed bond. "I bet 50-to-1 against the market trading 1,000 contracts a day on any single day before the end of this year," he tells Euromoney.
June 01, 1998