End-users support central clearing

- Saima Farooqi
- 19 Jul 2010

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“Central counterparties (CCPs) are getting end-user support because of the asset allocation and credit stability offered,” Vitale said, speaking at FX Week USA in New York last Tuesday (July 13). “The dynamics have changed and, whereas two months ago it was driven by the regulators, clients are now asking for it.”

Dave Reid, director in foreign exchange prime brokerage at Citi, said this demand is politically motivated within client firms, in response to the positive press about the credit and

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