Cleartrade Bows Settlement Price Feed for CCPs

clearing and settlement

The feed captures activity on Cleartrade's markets, and makes the output price feed available to central counterparty clearing organizations via a secure FTP link, which officials say is "the first time the industry has had a standardized and transparent system for calculating the prices" for previously-opaque over-the-counter markets.

Officials say the first CCP partner will go live with the feed on Dec. 1, followed by others in January.

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