NASDAQ (NDAQ) CEO Bob Greifeld said it may be "impossible" to separate banks' proprietary trading activities from customer and hedging positions, says the Wall Street Journal. Reference Link :theflyonthewall.com
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NASDAQ OMX to deliver OTC clearing/risk-management system to KDPW_CCP
The NASDAQ OMX Group announced that it has been selected to deliver a risk management solution to KDPW_CCP, Poland's primary securities clearing house and CCP, or central Counterparty. Under the contract NASDAQ OMX will supply KDPW_CCP with its OTC clearing and Sentinel Risk Manager product in order to support trade lifecycle and risk management requirements for clearing of OTC traded instruments. :theflyonthewall.com