Shipkevich Bitcoin and ICO Attorney
Felix Shipkevich September 25, 2009


“To promote transparency and competition, central counterparties should be required to have fair and open access criteria. First, to promote competition among exchanges and trading plat- forms, clearinghouses should be required to take on OTC derivatives trades from any regulated exchange or trading platform on a nondiscriminatory basis. Second, clearinghouses should accept as clearing members any firm that meets objective, prudent standards to participate, regardless of whether it is a dealer or another type of trading entity. Clearinghouses also should have open governance that incorporates a broad range of viewpoints from members and other market participants.”