The OCC’s ENCORE clearing system, while resilient, is long in the tooth and inflexible. OCC’s Project Renaissance aims to revamp the central counterparty’s data, risk management and clearing systems. The OCC chose Cinnober as a partner for the multi-year project. While that key initiative is something the OCC has planned for years, the SEC’s decision not to renew the clearinghouse's capital plan was a curveball.
In this video from JLN’s Industry Leader Series, OCC CEO John Davidson talks about those two developments.
Securities futures exchange OneChicago put out a notice to members on August 14 that it would wind down trading operations and stop them entirely...
Peak6 was founded as a proprietary trading firm in Chicago by Matthew N. Hulsizer and Jennifer Just.
AN OLD IDEA TO START A NEW REVOLUTION In a recent JLN interview, Donnie Roberts, the CEO of the Small Exchange, said he “want(ed)...