NYSE Euronext expects its New York Portfolio Clearing
joint venture, which will offer one-pot margining of interest
rate futures and cash Treasury positions, to be operationally
ready by March.
Interest rate futures will be listed at NYSE Liffe US in
March, to attack the fixed income derivatives market dominance
of the CME Group. At first, NYSE Liffe US will be the only
exchange cleared by NYPC.
CME Group, although facing a rising challenge from ELX
Futures, a start-up, bank-owned exchange in New York, still
hosts nearly all trading of US Treasury and Eurodollar futures
This article is available to subscribers and registered users
Please log in to continue reading.
Not yet registered? Take a free trial.
If you have already taken a free trial you
have ongoing access to the analysis section of FOW.com including this story.
Log in using your details below to read.
Already have an account? |