OTC brokers fear shift to exchange clearing systems

摘要

Houston-Over-the-counter petroleum brokers in the US are concerned about market participants turning to exchanges to clear their trades,broking sources said September 30.As traders turn to the exchanges to clear in view of the financial crisis,brokers say in addition to a loss of brokerage fees,there is a potential loss of business in the long run.Traders in Europe this week also said there has been a notable shift to clearing houses,such as ICE Clear and NYMEX CtearPort.