ICCH: The Independent Unified Clearing House
‘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
KeywordsRisk Management Implied Volatili Open Contract European Economic Community Derivative Market
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- 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