News Releases

2014 |  2013 |  2012 |  2011 |  2010 |  2009 |  2008 |  2007 |  2006 |  2005 |  2004 |  2003 |  2002 |  2001 |  2000 |  1999

Subscribe to our feed Follow NFA_News on Twitter
Email This to a Friend
For Immediate Release
October 01, 2001

For more information contact:
Larry Dyekman
(312) 781-1372
ldyekman@nfa.futures.org or
Jennifer Bucko
(312) 781-1373
jbucko@nfa.futures.org
Ray Carmichael, BOTCC
(312) 346-2002
rcarmichael@strategicsinc.com

National Futures Association and Board of Trade Clearing Corporation announce memorandum of understanding to offer programs and services to electronic marketplaces

October 1, Chicago - The National Futures Association (NFA) and the Board of Trade Clearing Corporation (the Clearing Corporation) today announced a memorandum of understanding to refer each other's respective service offerings to electronic marketplaces. NFA and the Clearing Corporation are two of the leading providers of programs and services to the financial services industry. The memorandum of understanding is a non-exclusive agreement between the two organizations.

"The capabilities of NFA and the Clearing Corporation provide a valuable solution to businesses that are in the process of developing electronic marketplaces," says Dan Roth, NFA Chief Operations Officer.

NFA, a congressionally authorized self-regulatory organization for the U.S. futures industry, offers a variety of services to electronic markets-services that sustain market integrity, increase user confidence and add to the value of the market itself. NFA is known internationally for its quality, independence and extensive experience in providing cost effective yet business oriented regulatory services. These services include:

  • Background/Credit Checks;
  • Trade Practice and Market Surveillance;
  • Financial Analysis and On-Site Review;
  • Risk Management; and
  • Dispute Resolution

Founded in 1925, the Clearing Corporation is the oldest and largest independent clearinghouse in the world and remains dedicated to serving its members and the financial marketplace with integrity in an innovative fashion. The Clearing Corporation is the only clearinghouse with both a AAA Rating from S&P and a $100 million default insurance policy. Combine those assets with $200 million in committed standby credit and $170 million in highly liquid capital, and the Clearing Corporation is the only clearinghouse to hold such an outstanding rating, credit commitment and insurance policy. Through its clearing process, the Clearing Corporation provides a secure financial environment and provides the broadest services available, including:

  • Central counterparty guarantee;
  • Trade management;
  • Margin processing;
  • Collateral management;
  • Risk management; and
  • Financial surveillance

"With the proliferation of new markets around the world, these types of arrangements make good business sense for all parties involved," says Dennis Dutterer, Board of Trade Clearing Corporation President and CEO. "Our relationship with NFA will result in a strong package of programs and services that will provide emerging marketplaces a higher level of market integrity."

For additional information regarding the programs and services offered by both NFA and The Clearing Corporation, visit www.nfa.futures.org/emarkets and www.botcc.com.

NFA is the premier independent provider of efficient and innovative regulatory programs that safeguard the integrity of the derivatives markets.
Site Index | Contact NFA | News Center | FAQs | Career Opportunities | Industry Links | Home
© National Futures Association All Rights Reserved. | Disclaimer and Privacy Policy