New York Portfolio Clearing’s (NYPC) board has selected the initial clearing members for its March 21 launch. The members include Advantage Futures, Barclays Capital, GETCO, Goldman Sachs, MF Global and UBS Securities. Other firms seeking NYPC board approval include Bank of America Merrill Lynch, Citigroup Global Markets and Deutsche Bank Securities. NYPC, which is a joint venture of The Depository Trust and Clearing Corporation and NYSE Euronext, will initially clear Eurodollar and U.S. Treasury Futures for NYSE Liffe U.S.

Click here for the release from New York Portfolio Clearing.