Beijing, China, January 21, 2015 --(PR.com
)-- Outsource Clearing House is pleased to announce that two high profile brokers have initiated their first transactions using the TruClear derivatives settlement for private and institutional client transactions. Their goal of driving total transaction volumes conducted on their bespoke settlement systems through the $1 billion a day level by the end of 2015 remains firmly in focus.
Geraint Lloyd, chief operating officer at Outsource Clearing House says, “The new, improved banking and counterparty risk infrastructure being implemented in line with Basel III legislation in advanced and developing nations is critical to the success of coordinated efforts to avoid the catastrophic events and panic that ensued in the aftermath of the collapse of Lehman Brothers in 2008.”
The company’s proprietary TruClear derivatives settlement system has drawn critical acclaim from high volume brokers and dealers operating within the fast-growing Asia-Pacific markets and we remain committed to ensuring the broad-based adoption of our highly-modular systems as we head confidently into the new year.
By adding renowned, high-profile retail and institutional brokers like these to their client roster, they believe that while they are increasing their market share, they are also making a solid contribution to the overall quality and, by extension, the strength of the marketplace.
Outsource Clearing House has spent over $100 million constructing a state-of-the-art settlements architecture featuring multiple redundancies that, in independently-administered stress trials, have performed with 100% reliability.