New York Portfolio Clearing (NYPC) has appointed Alexander Broderick as CEO.
Thomas Callahan, NYPC chairman and CEO at NYSE Liffe US, said: "Sandy brings a unique blend of expertise in risk management, technology and clearing for OTC and listed futures products, so is ideally placed to lead NYPC during the transition from innovative start-up to a central player in the new market structure for multi-asset class derivatives clearing."
A joint venture of The Depository Trust & Clearing Corporation (DTCC) and NYSE Euronext (NYX), NYPC was created to deliver capital and operational efficiencies to the US futures market by evaluating and cross margining a clearing member's risk on a portfolio basis across related cash fixed income and derivative positions.
