Office of the Comptroller of the Currency (OCC)
BOTCC to process Nasdaq Liffe
Nasdaq Liffe Markets (NQLX), in a preparatory move before the start of trading in single-stock futures (SSF) in the US, agreed to let the Delaware-based Board of Trade Clearing Corporation (BOTCC) process certain deals known as 'give-ups'.
Moving to the centre
Basel II means banks will have to centralise the management of operational risk or lose out to competitors.