Financial institutions and market infrastructures are moving to always-on operations.
Central clearing has been introduced to a securities financing transactions market that operated bilaterally.
For the first time, Coinbase can create and settle fully collateralized derivatives directly.
MIAX also increased net capital in the FCM, Dorman Trading, by $40m.
The transition to mandatory central clearing has implications beyond Treasury cash and repo markets.
There is considerable work to do to prepare for the repo deadline.
The firm has been admitted as a general clearing member of the London Stock Exchange.
The introduction of central clearing will help align Iceland with international standards.
Prediction markets need to fit into the existing execution stack and risk systems used by institutions.
