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Clearing of OTC Derivatives Creating New Business Opportunities

This article, from futuresindustry.com, looks at the impact of new rules potentially mandating clearing for most over-the-counter derivatives. The new federal regulations are likely to increase business for FCMs – futures commission merchants.

The authors interview executives from major financial companies, who discuss how they are positioning themselves to accommodate a number of new customers seeking to clear swaps trades. The firms interviewed were:

• BNY Mellon, and how they are leveraging their custodial services
• State Street, and the ways they are capitalizing on the Dodd-Frank rules
• Wells Fargo, and their addition of client clearing for the swaps dealer business

The article was written by Will Acworth and Joanne Morrison, editor and deputy editor, respectively, of Futures Industry.