Private-Equity Cos Seen Backing New Clearinghouse - Sources
November 15 2011 - 1:04PM
Dow Jones News
Private-equity companies are backing the development of a new
clearinghouse, according to people familiar with the matter, a move
apparently designed to compete with similar trade-processing venues
affiliated with major banks.
The identities of the private-equity backers behind the project,
called "Baseclear," couldn't be learned, nor could its location or
the types of contracts on which the new venture will focus on
clearing.
-By Katy Burne, Dow Jones Newswires; 212-416-3084;
katy.burne@dowjones.com
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