24 Oct 2014
Australia among most costly for equity clearing, report claims

…The study, commissioned by Pershing, Citi, Deutsche Bank, Credit Suisse, Morgan Stanley and Bank of America Merrill Lynch, was authored by Market Structure Partners. The firm’s chief executive officer Niki Beattie, says the findings show combined costs for clearing in Australia are the third most expensive in developed markets after Spain and Brazil. Looking at value and number of trades cleared vs the average cost to clear them, the report shows Australia as the second most expensive market after Brazil,…