Having been on both sides as a regulator and now an industry participant, Walt’s perspectives are fascinating. Here we talk about NYPC’s success to date, how the potential NYSE/DB merger could impact his business and when he thinks the CFTC will get the rules finalized.
This week the CME and New York Portfolio Clearing (NYPC) both made announcements related to how they’ll help clients by allowing them to cross margin various interest rate related products. Bloomberg News does a good job of explaining the whole thing here. TABB’s research director and I debate the merits of both proposals and try… Read More »