Clearing members cry foul over restrictive FICC rule change

Draft interpreted as an attempt to obstruct rival clearing houses entering the US Treasuries market

Private property

Members of the sole clearing house for US Treasuries are warning that a proposed rule change could obstruct its potential rivals from entering the market.

In its role as a self-regulatory organisation, the Fixed Income Clearing Corporation has already drafted a number of rule changes in recent months to implement the US Securities and Exchange Commission clearing mandate for Treasuries and Treasury repo, which was finalised last December. However, the latest proposal, published on June 12, has

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here