The Canadian Derivatives Clearing Corporation (CDCC) has inked a memorandum of understanding with New York Portfolio Clearing (NYPC) to build a link for the Canadian swap market.
Canadian dealers are to work with the Canadian Derivatives Clearing Corporation (CDCC) to develop a central counterparty (CCP) and netting utility for Canada's fixed income market.
TMX Group Inc. today announced that Montréal Exchange (MX) and the Canadian Derivative Clearing Corporation (CDCC), wholly-owned TMX subsidiaries, have successfully launched the new SOLA(R) Clearing system. The new clearing platform, which leverages the strength of the SOLA technology, provides both better service to clients as well as the flexibility to enhance CDCC's product offering.
© Finextra Research 2014