Blurring Class In GOVVIES: Kemper To Clear Through GSCC

Although expanded price availability remains elusive, some doors previously closed to the second-tier players in the U.S. government bond market are swinging open. This month, Kemper Securities Group was approved as a comparison member for clearing with the Government Securities Clearing Corp. (GSCC) and, following a three-month grace period, the firm will become a GSCC netting member as well, say executives at Kemper.

Kemper will be the first non-primary or aspiring primary dealer to become a