January 4, 2024 (NO COMMENTS)

Via new roles and controls, exchanges and clearers hope to “get ahead” of regulatory wave

In the old days, cash and futures markets were littered with exchanges and clearing houses. Often, exchanges owned their own clearing house. They were important structures, but also fairly simple ones. The markets they served tended to be constrained by geography, asset class and instrument. Regulatory and compliance risk Top 10 rank: 8 FMIs rank: 4  Number of benchmarking respondents: 5 Today’s financial market infrastructures (FMIs) are a different beast – larger, more complex, offering a range of