Traders Magazine

Outdated Account Practices Threaten Clearing Firms, Report Says

Some clearing brokers are operating in the dark, using outdated, account opening practices. That’s what industry consultant Aite Group warned in a recent report and survey, which argues that that some ...
InvestmentNews

Penson expects to take over Ridge Clearing accounts next week

Penson Worldwide Inc. said that it expects its U.S. securities-clearing subsidiary, Penson Financial Services Inc., to begin serving accounts of Ridge Clearing and Outsourcing Solutions Inc. on or ...
The TRADE

Backlash against the EU’s new active clearing account requirements continues as sell-side voice concerns

Almost 90% of sell-side clearing managers believe the proposals will increase costs for their clients, an Acuiti report has found. Around two thirds of sell-side clearing managers do not support the ...
JD Supra

EMIR 3: Active Account, Clearing Threshold and Exemptions

On December 4, 2024, EU Regulation 2024/2987 (EMIR 3), amending EU Regulation 648/2012 on the European Market Infrastructure (EMIR), was published in the EU Official Journal. EMIR 3 will enter into ...
The TRADE

EU committee gives green light for Euro derivatives clearing active accounts

Proposal to draw Euro clearing back to the Bloc via active clearing accounts with European CCPs has proved divisive with participants who claim the move could be anti-competitive. A committee of ...