Gary Gensler, chair of the Securities and Exchange Commission, said on Wednesday he welcomed competition around having multiple clearing houses for U.S...
FILE PHOTO: SEC Chairman Gary Gensler testifies on budget before a House Financial Services and General Government Subcommittee hearing on Capitol Hill in Washington - Gary Gensler , chair of the Securities and Exchange Commission, said on Wednesday he welcomed competition around having multiple clearing houses for U.S. Treasuries, though he said there was no formal filing from potential applicants.
Any potential application would have to adhere to robust rules around risk management and access, he also said. It cited a survey completed by 83 sell-side institutions. FICC currently clears some $7 trillion worth of Treasuries per day. Emails show Elon Musk diverted a $500 million shipment of Nvidia chips intended for Tesla to X instead
Gary Gensler U.S. Securities And Exchange Commission London Stock Exchange Group Clearing Houses DTCC Fixed Income Clearing Corporation U.S. Treasury Competition Intercontinental Exchange
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