Registering brokers on BlueNext Spot and BlueNext Futures have access to web-based systems through which they can enter OTC bids and offers from BlueNext members. They can then use BlueNext's delivery versus payment (DVP) system to settle the contract. DVP eliminates counter party risk as both the funds and the contracts must be credited to the member accounts before they can trade.
"We are very pleased to launch this straightforward OTC service for brokers; it will be a valuable additional tool
The week on Risk.net, August 4–10Receive this by email