09.01.2009 - Clear OTC trades to make markets safer - Nasdaq CEO
From Easybourse.com: Opaque over-the-counter markets and flawed pricing schemes are at the crux of the financial crisis, according to the chief executive of Nasdaq OMX Group Inc.. Central counterparty clearing - an area where Nasdaq has ambitious plans to expand in 2009 - is one way to boost transparency and mutualize risk in OTC markets, said Bob Greifeld, CEO of the exchange said in a speech Thursday before the National Press Club..... Full Article: Source
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