| Jill Considine | ||||||
London hosted the first worldwide conference of central counterparties last month to discuss developing a system of seamless global clearing.
The conference was initiated by the Depository Trust and Clearing Corporation of the US.
Sir David Walker, senior adviser to Morgan Stanley International, underscored the importance large securities firms attach to this: “There is, I believe, a general recognition that the capacity to clear and settle trades has not kept pace with the capacity of trading platforms to attract liquidity and handle trades,” he said.
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