Will Clearing Houses Overtake Exchanges in Economic Importance?
Share
- Details
- Text
- Audio
- Downloads
- Extra Reading
All derivative exchanges and most stock exchanges have related clearing houses, often separate institutions. Clearing houses themselves are looking to provide clearing services to the OTC markets which are now many times larger than the related formal exchange markets, where they exist. Exchanges have responded to the challenge and launched OTC type products, but with limited success. In this scenario what will be the future role and structure of clearing houses? Can they successfully serve both types of market and, perhaps, become structurally independent of each?
Download Text
This event was on Tue, 07 Dec 1999
Support Gresham
Gresham College has offered an outstanding education to the public free of charge for over 400 years. Today, Gresham plays an important role in fostering a love of learning and a greater understanding of ourselves and the world around us. Your donation will help to widen our reach and to broaden our audience, allowing more people to benefit from a high-quality education from some of the brightest minds.