Alexander Broderick is new CEO of New York Portfolio Clearing
02 April 2012 New York
New York Portfolio Clearing (NYPC) has appointed Alexander Broderick as CEO.
Thomas Callahan, NYPC chairman and CEO at NYSE Liffe US, said: "Sandy brings a unique blend of expertise in risk management, technology and clearing for OTC and listed futures products, so is ideally placed to lead NYPC during the transition from innovative start-up to a central player in the new market structure for multi-asset class derivatives clearing."
A joint venture of The Depository Trust & Clearing Corporation (DTCC) and NYSE Euronext (NYX), NYPC was created to deliver capital and operational efficiencies to the US futures market by evaluating and cross margining a clearing member's risk on a portfolio basis across related cash fixed income and derivative positions.
Thomas Callahan, NYPC chairman and CEO at NYSE Liffe US, said: "Sandy brings a unique blend of expertise in risk management, technology and clearing for OTC and listed futures products, so is ideally placed to lead NYPC during the transition from innovative start-up to a central player in the new market structure for multi-asset class derivatives clearing."
A joint venture of The Depository Trust & Clearing Corporation (DTCC) and NYSE Euronext (NYX), NYPC was created to deliver capital and operational efficiencies to the US futures market by evaluating and cross margining a clearing member's risk on a portfolio basis across related cash fixed income and derivative positions.
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