New York Portfolio Clearing, LLC (NYPC) has submitted $1.952 billion notional in expiring US Treasury futures to the Depository Trust & Clearing Corporation’s (DTCC) Fixed Income Clearing Corporation (FICC) for physical delivery.
These expiring positions were then automatically netted with all trades the member firms cleared with FICC on that day. This increase represents growth of greater than 50% over the $1.275 billion notional at the end of the second quarter.
“Our second successful physical delivery for NYPC’s US Treasury futures complex marks another milestone in the growing acceptance and confidence of our clearing platform,” says Walt Lukken, CEO of NYPC. “Combined with our strong performance in open interest and volumes, these impressive delivery numbers show that market participants find real value in our locked-in trade delivery system for the efficiency and transparency that it brings.”
Market participants gain significant operational and capital efficiencies across their fixed-income portfolios with NYPC through its locked-in delivery process and its unprecedented “one-pot” margining across proprietary futures and cash portfolios.
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