Global exchange operator, NYSE Euronext, will launch a U.S. futures market by March, Financial Times reports. New York Portfolio Clearing (NYPC), which is a clearinghouse co-owned by NYSE and the Depository Trust & Clearing Company, has already received initial regulatory approval from the Commodity Futures Trading Commission.
This month, NYPC may also get approval from the Securities and ExchangeCommission to allow traders to use margin from accounts in other markets operated by NYSE as credit toward futures margins. NYSE Euronext lost $30 million in the fourth quarter and is expected to lose again in 2011.
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