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07 April 2011

FT: US and Canadian clearers explore joint action


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Die Kanadische Derivates Clearing Corporation (CDCC) und die New York Portfolio Clearing (NYPC) suchen nach Wegen, um kanadische Markt-Swaps durch eine grenzüberschreitende Vereinbarung gemeinsam zu handeln, was den G20-Staaten erlauben würde, ihre Verpflichtung zum OTC Derivatenhandel zu erfüllen.


The groups said they would explore links to create a venture which could solve an issue created by the G20 regulatory push for more clearing of OTC derivatives. CDCC is owned by TMX Group, operator of Canada’s largest bourse, while NYPC is a venture set up by NYSE Euronext and The Depository Trust & Clearing Corporation, a post-trade services group. The G20 has proposed tighter controls on OTC derivatives trading as part of moves to avoid a repetition of the recent financial crisis and strengthen regulation of global financial markets, and wants clearing of OTC derivatives under way by December 2012.

Full article (FT subscription needed) 



© Financial Times

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