New York Portfolio Clearing, the derivatives clearing house backed by NYSE Liffe and the Depository Trust and Clearing Corp, has elected Bernie Dan, former head of the Chicago Board of Trade and MF Global, as an independent member of its board of directors.
Richard Prager and
Tom Wipf have also been added. The firm began operations on
March 21, offering one-pot margining of proprietary interest
futures positions cleared by NYPC with fixed income cash
positions cleared by DTCC’s Fixed Income Clearing
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