New York Portfolio Clearing has said there is no need for the US Commodity Futures Trading Commission to delay its decision on whether NYPC can be registered as a derivatives clearing organisation.
On Monday ELX Futures wrote to the CFTC alleging that NYPC was anticompetitive and asking for a six month review of its application.
ELX, the new exchange owned by banks and trading firms that is challenging CME Group in US interest rate futures, now...