A new client clearing model for the European Union and UK aimed at easing the capital burden for the region’s clearing banks is being readied for launch.
The European agent trustee model (EATM), sponsored by the Futures Industry Association (FIA), was unveiled at the trade association’s International Derivatives Expo event in London on June 19.
The model brings European client clearing a step closer to the US futures commission merchant (FCM) model and is seen as critical for bolstering capacity
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