NASDAQ OMX and Brokerway launches NetClear
9 October, 2009
NetClear – The Tool to Support Your CCP Operations. NASDAQ OMX Broker Services and Brokerway offers NetClear – a multi market solution that create effective and stable clearing & settlement processes for banks and brokers trading in markets supported by CCP structure.
NetClear works as the integration hub for a GCM/DCM between the CCPs and the underlying settlement systems. For the NCM NetClear can be used to reconcile between exchanged trades and the GCM net settlement instructions. The same process is used to integrate between the NCM their GCM. With NetClear you can minimize your investments and simplify and streamline the process of adapting and maintaining your in-house systems.