Chicago exchange players meet to resolve common clearing

Reynolds, Katherine M.
November 1997
Bond Buyer;11/10/97, Vol. 322 Issue 30270, p38
Trade Publication
Focuses on the meeting of futures exchanges and member firms to work out details of common clearing which is projected to save millions for firms that clear trades through the exchanges. Features of the common clearing plan proposed by the Futures Industry Association (FIA); Some key factors that should be managed by the exchanges and firms.


Related Articles

  • Sao Paulo depository to ease its clearing rules. Kentouris, Chris // Securities Industry News;02/22/99, Vol. 11 Issue 8, p49 

    Reports that Sao Paulo Stock Exchange trades depository CBLC, has asked Brazilian regulatory approval to allow `qualified' investors to clear their trades through custodian banks and other financial intermediaries. CBLC's restructuring as an independent agency; CBLC's requirements for...

  • Demand Increases for Correspondent Broker Workstations.  // Securities Industry News;2/18/2002, Vol. 14 Issue 7, p10 

    Focuses on the increasing demand of clients for correspondent clearing broker workstations. Significance of broker workstations as differentiator for firms; Issues of the workstation strategies of correspondent clearers; Extent of competition among correspondent clearers.

  • Securities Trading and Settlement in Europe: Issues and Outlook. Goldberg, Linda; Kambhu, John; Mahoney, James M.; Radecki, Lawrence; Sarkar, Asani // Current Issues in Economics & Finance;Apr2002, Vol. 8 Issue 4, p1 

    Discusses issues on securities trading and settlement in Europe. Restructuring of European stock exchanges and settlement systems; Principal steps in a securities transaction; Relative cost savings from clearing and settlement system consolidation; Factors driving structural change in Europe. ...

  • Tel Aviv restructures clearance, settlement system. Kentouris, Chris // Securities Industry News;07/12/99, Vol. 11 Issue 27, p15 

    Reports on the Tel Aviv Stock Exchange's proposal to revise the structure and procedures of central clearance and settlement system in Israel. Plans of the stock exchange in incorporating the Tel Aviv Clearing House; Claims of the exchange on the structure's enhancement of investor confidence...

  • Malaysia outlines steps to delivery-vs.-Payment system. Kentouris, Chris // Securities Industry News;04/12/99, Vol. 11 Issue 15, p8 

    Reports on the efforts of Malaysia's stock exchange and central depository's plan of implementing a delivery-vs.-payment settlement system called Institutional Settlement Service. Inclusion of custodian banks as clearing members of the country's clearinghouses; Elimination of the one-day...

  • Nybot, Nymex to Use onExchange Clearing Platform. Kentouris, Chris // Securities Industry News;6/16/2003, Vol. 15 Issue 24, p6 

    The New York Board of Trade (Nybot) and the New York Mercantile Exchange (Nymex) have both licensed on Exchange's ECS clearing system but it is unclear whether this move means both exchanges will rely on a common clearing platform. Market talk that Nybot would replace its proprietary clearing...

  • JSE Implements Second Phase of T+3 Move. Parsons, Joe // Global Custodian News;2014, p1 

    The Johannesburg Stock Exchange (JSE) has completed the second phase of its T+3 project, a move that will see the settlement cycle for South African equities cut by two days.

  • Y2k Corner.  // Futures: News, Analysis & Strategies for Futures, Options & Deri;Nov99, Vol. 28 Issue 14, p12 

    Presents statistics gathered by the Futures Industry Association (FIA) in their survey of the progress of exchanges on their preparations for Year 2000 date conversion (Y2K) compliance. Contingency planning discussed during the meetings called by FIA.

  • French Export. Kentouris, Chris // Securities Industry News;04/24/2000, Vol. 12 Issue 16, p1 

    Reports on the plan of French firm Clearnet to sell its Clearing 21 system to exchanges in other countries. Features of the clearing system; Merged clearinghouses of Clearnet and LCH; Ownership of Clearnet by ParisBourse; Benefits from using Clearnet; Clearnet's expected benefits from the...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics