With rats doing the trading, could badgers be providing ETF platforms?
As you ascend in the glass elevator at 88 Wood Street in the City of London, it is possible to peer through into Source’s offices, where you will see a badger looking out over London Wall. Is it pondering how best to diversify counterparty risk, or whether its swaps need to be over-collateralised? Why, in other words, is there a badger dancing on the desk?







