A recent argument between Man Financial
and Eurex was likely prompted by Man's concern that the global
clearing link between Eurex Clearing and The Clearing
Corporation (C-Corp) could reduce the role of FCMs as clearing
Under the terms of the clearing link,
trading firms would find it easier to clear directly in all
time zones without using the services of, for example, an
C-Corp itself insisted that any contact
with trading firms has been part of the normal process of
alerting clients to developments, especially in the global
clearing link, and that there has been no attempt to
disintermediate FCMs from the clearing process. It also
categorically denied that it has encouraged firms to clear
directly rather than through FCMs.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.