Clearing and settlement February 18, 2009
Posted by James Webster in : finance , trackbackI came across Clearing and Settlement News today, an interesting blog commenting upon and summarising some of the key issues and news in the clearing and settlement industry. As I’ve said previously this is an area that will only continue to grow and become more complicated, especially given the pressure on the industry to clear exotic OTC derivatives in a transparent and prompt fashion.
The author, Scott Riley is a director with Chi-X . He has also provided links on his blog to additional reporting on the proposed launch of new ECN’s in Australia, something I have covered a bit here (#1, #2, #3, #4) but not been watching lately. No doubt he is being given all sorts of fun headaches by ASIC’s softly-softly approach to actually opening the market up to new entrants.
If you want more info on clearing and settlement processes, Michael Simmons’ Securities Operations (Amazon UK / Amazon US
) is an excellent choice.
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