Nasdaq Clearing Introduces Direct Clearing Client Model

Nasdaq  Clearing has  announced the launch of a direct clearing client model, designed to minimise client driven capital costs, especially for repo transactions, while clients receive increased protection in case of a clearing member’s default.

“The management of client risks and costs related to client clearing have become increasingly important for participants of the global financial markets ever since the financial crisis,” says Julia Haglind, president of Nasdaq Clearing. “With a transforming regulatory landscape as well as changing client needs, we see an opportunity in shaping the financial markets of tomorrow. Nasdaq Clearing always strives to provide best in class protection and cost efficiency for both buy and sell side clients, and the direct clearing client model is a step in line with this ambition.”