Prior to that, Gill held numerous other positions within CME Clearing and has been responsible for overseeing virtually every function within the clearing organization.
ICE Trust, a division of the Intercontinental Exchange, the big derivatives exchange, applied to be a derivatives clearing organization with the Commodity Futures Trading Commission in November.
DENNIS A. DUTTERER Chicago, Feb. 28 The writer is the chief executive of the Board of Trade Clearing Corporation, a clearing organization for futures and options contracts.
"As an exchange and a clearing organization, we are particularly disturbed to see other such organizations threaten to seize identifiable funds of individual customers to satisfy the obligations of a separate customer," R. Patrick Thompson, president of the mercantile exchange, said in a statement.
In a tri-party repo, a custodian bank or international clearing organization acts as an intermediary.
CME thinks trading under its new rule "accurately captures contract value... and is fully consistent with our functions as a designated contract market and a derivatives clearing organization," Grams said.
When speaking with clients and colleagues, it's clear organizations around the world are grappling with how to be faster, better and smarter in this time of high-velocity change.
Although the spiritual practice of Falun Gong has little clear organization, practitioners of Falun Gong have organized considerably among themselves since 1999, establishing their own research and advocacy organizations, media groups, and arts companies.
We have a much clearer organization of our language capabilities.
structures and onto the streets with no clear organization or political direction.
