Clearing gains steam around the world

06/19/2009 | Financial Times (tiered subscription model)

A clearing venture announced this week by NYSE Euronext and The Depository Trust & Clearing Corp. is the latest in a wave of clearing efforts worldwide. Clearinghouses and exchanges are taking advantage of political and regulatory pressure for increased clearing to prevent financial meltdowns. "We are going to see more changes in the clearing space than we have seen in the last 10 years, and that's being driven by the [multilateral trading facilities]," said Mark Hemsley, CEO of BATS Europe.

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