Nasdaq OMX CEO Greifeld expects Congress to back financial reform

04/22/2010 | Securities Technology Monitor

Nasdaq OMX chief executive Robert Greifeld said financial regulatory reform will be enacted by a "wide margin" in both houses of Congress and then go on to be a success, thanks to the speed and efficiency of electronic trading. He said the most important outcome from combining the Senate and House bills will be "mandated clearing" of standardized over-the-counter derivatives on electronic exchanges. Putting derivatives on exchanges will expand the market for them, Greifeld said.

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