Clearing heads welcomed cost savings initiatives like SunGard’s clearing utility
Top Futures Commissions
Merchants (FCMs) and clearing brokers said on Tuesday they were
optimistic for the future of the clearing business and
cautiously welcomed the cost saving initiatives such as
SunGard’s clearing utility.
Speaking at the FIA
International Derivatives Expo in London, heads of some of the
largest global FCMs said they remain optimistic over the future
of the industry despite the supplementary leverage ratio (SLR),
forcing them to re-evaluate business models.
Panellists led by
Michelle Neal, global head of Markets Clearing and Market
Structure at Deutsche Bank, said they were optimistic about the
future but the business’s value chain was
rebalancing from trading and execution to post-trade and
clearing, and would need more "fee based income based
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