BRIEF OBJECTS

BRIEF OBJECTS

BROKERTEC OPTS FOR LCH'S EURO CLEARING

Brokertec Europe, the London-based operating subsidiary of Brokertec Global, says it will use London Clearing House's cash bond clearing service for its electronic interdealer brokerage service for Euro-denominated sovereign debt. The Brokertec service is scheduled for launch later this year. The LCH service is similar to what the GSCC provides in the US cash markets and will be the first central credit counterparty for clearing, settling and netting

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Where have all the exchange platform providers gone?

The IMD Wrap: Running an exchange is a profitable business. The margins on market data sales alone can be staggering. And since every exchange needs a reliable and efficient exchange technology stack, Max asks why more vendors aren’t diving into this space.

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