Fragmentation in EU cash equities clearing creates unnecessary costs.
The move marks a major expansion of Citi's precious metals business.
OTC Clear will be able to settle RMB funds directly via the Cross-Border Interbank Payment System.
Secured General Collateral notes are a step forward for Canada's short-term funding & collateral markets.
The expansion to 24x5 clearing is a critical enabler for continuous trading models.
They simulated the failure of a hypothetical common participant.
Sponsored cleared repo volumes are used as a proxy to monitor client participation in central clearing.
The advisory emphasizes the regulatory obligations and staff expectations.
The SEC approval shows blockchain technology and traditional capital markets continue to converge.
