EU derivatives crackdown would preserve futures-clearing model

05/25/2011 |

European lawmakers approved tougher regulation of the the derivatives market, raising concern among traders that changes would hinder systems used by NYSE Euronext, Deutsche Boerse and other exchanges. However, the rules would not require exchange-listed derivatives to be centrally cleared. The move "preserves the vertical clearing model that currently exists in the futures markets," said Richard Repetto of Sandler O'Neill + Partners.

View Full Article in:

Published in Brief: