Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Nasdaq Opens Derivatives Clearinghouse

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread		 This topic is archived.
Home » Discuss » Topic Forums » Economy Donate to DU
 
Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-06-09 11:06 AM
Original message
Nasdaq Opens Derivatives Clearinghouse

A derivatives clearinghouse owned by Nasdaq OMX Group Inc. has gone live in recent days and started clearing over-the-counter contracts tied to interest rates.

The exchange operator's chief executive, Bob Greifeld, said it is looking to sell equity stakes in the clearinghouse in the coming months.

The trans-Atlantic company, which operates the Nasdaq Stock Market and other exchanges in the U.S. and Europe, last month formalized its acquisition of an 80% stake in International Derivatives Clearing Group, or IDCG, a new business set up to clear interest-rate-swap contracts. Last month, the clearing firm received approval from the Commodity Futures Trading ...

http://online.wsj.com/article/SB123121360115556661.html?mod=yahoo_hs&ru=yahoo

And it's down 2%..You think it would go up.
http://finance.yahoo.com/q?s=NDAQ
Printer Friendly | Permalink |  | Top
Citizen Number 9 Donating Member (878 posts) Send PM | Profile | Ignore Tue Jan-06-09 11:15 AM
Response to Original message
1. Blame it on the shorts.
(!)
Printer Friendly | Permalink |  | Top
 
Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-06-09 11:57 AM
Response to Reply #1
2. Why would they short it?
Printer Friendly | Permalink |  | Top
 
Citizen Number 9 Donating Member (878 posts) Send PM | Profile | Ignore Tue Jan-06-09 01:07 PM
Response to Reply #2
3. Maybe they think it will fail...
To make money?


:shrug:
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Fri May 03rd 2024, 05:35 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Topic Forums » Economy Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC