Clearing Channel

New Global ID System To Take Shape Next Year

A new system requiring standardized IDs for financial institutions will finally start to take shape in 2012, with new details slated to be announced in January by the Geneva-based International Organization for Standardization (ISO).

STA 2011: Traders Magazine Coverage

Stuck in the office manning the desk? Couldn't make it to the 78th Annual Security Traders Association Conference? Check out Traders Magazine's full coverage of the news and happenings in Palm Beach by visiting the following link: www.tradersmagazine.com/sta-conference. You can also follow the conference on Twitter @traders_tweets or "like" us on Facebook at http://www.facebook.com/pages/Traders-Magazine/234178643266728

Some Clearing Firms Found New Business Last Year

Numerous clearing brokerages have been dying over the past few years, but for some, 2010 was a good year, according to a new study by LaRoche Research Partners, titled "U.S. Broker-Dealer Clearing Relationship Changes."

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Cover Sidebar: OTC Derivative Clearing, a Different Business

Clearing, which is the process covering everything from execution to settlement, is usually straightforward when it is simply cash for a security transaction. But that's not the case in over-the-counter derivative contracts.

Cover Sidebar: A Reform Too Far

Goldman CEO Lloyd Blankfein, in recent remarks, gave an example of what would be too drastic a reform in derivatives clearing and processing.

Cover Sidebar: HR 3795 New Clearing Requirements

Who is affected by Congress's would be new clearing rules and forced to use clearinghouses instead of the current bilateral system? Here is some of what the bill says on this point.

Nasdaq's Much Debated Clearing Venture Is Dead

The DTCC now offers better prices than a year ago, so competition is not needed, say Nasdaq OMX officials. At presstime the officials announced they were ditching a clearing plan to compete with the DTCC.

Penson Moves Up in the Clearing Competition

Penson now claims to be the number-two clearing firm in the business.

Cover Story: The OTC Derivatives Clearing Debate Heats Up

Here comes a new era in over-the-counter derivatives clearing. It will be an era of heightened regulation, in which swaps dealers could lose power to exchanges, clearinghouses and clearing counterparty systems.

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Articles from this Site

• STA 2011: Traders Magazine Coverage
• Some Clearing Firms Found New Business Last Year
• Instinet Is Taking Control on Options
• Data Provider Says ‘Brace Yourselves, Volatility Will Be a Permanent Fixture’
• Liquidnet's June Volume Jumps 18 Percent
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