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ICCH: The Independent Unified Clearing House

  • David Hardy

Abstract

‘The Brady Commission’s recommendations are sound. In periods of rapid market fluctuations, millions — indeed billions — of dollars must move quickly, sometimes within minutes, to meet margin demands. A unified clearing system would facilitate that movement and greatly simplify the monitoring of market participants. The technology for a unified clearing house exists. In fact, the International Commodities Clearing House in London acts as a clearing house for exchanges located around the world.’1

Keywords

Risk Management Implied Volatili Open Contract European Economic Community Derivative Market 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Notes

  1. 1.
    Jerry W. Markham and Rita McCloy Stephanz, ‘The Stock Market Crash of 1987 — The United States Looks at New Recommendations ‘Georgetown Law Journal Vol. 76, No. 6, August 1988 P.2038.Google Scholar

Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 1990

Authors and Affiliations

  • David Hardy
    • 1
  1. 1.London Clearing HouseUK

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