Thursday, June 18, 2009

CME has rival in new NY clearing house | Crain's Chicago Business

The new clearing house, New York Portfolio Clearing, will combine the NYSE Euronext's U.S. futures exchange and DTCC 's Fixed Income Clearing Corp. to offer risk management, clearing and settlement efficiencies for U.S. fixed income securities and derivatives.The deal could eat into CME Group's dominance of the interest-rate futures clearing business in the U.S. Currently, CME accounts for more than 95% of that market.
CME has rival in new NY clearing house | Crain's Chicago Business

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