Fixed Income Clearing Corporation

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Fixed Income Clearing Corporation

A company that matches, nets, and settles trades on fixed-income securities in the United States. Specifically, it provides clearance and settlement services on U.S. Treasury securities (as well as other government securities) and mortgage-backed securities. It was formed in 2003 with the merger of the Government Securities Clearing Corporation and the Mortgage-Backed Securities Clearing Corporation.
References in periodicals archive ?
Parmi les conferenciers invites figurent Dennis Hall, FICC, (chimie, University of Alberta), Daniel Erlanson (Sunesis Pharmaceuticals, Inc.
His most recent roles included Global Head of Rates and FICC eTrading Technology at Bank of America Merrill Lynch.
However, there is no public disclosure of the five primary components of FICC revenues - interest rates, credit, mortgages, currencies, and commodities.
Hard to tell whether the persistent FICC weakness of the last few years is a function of cyclical forces or a result of the new more restrictive regulatory landscape, but we should see some modest improvement in FICC revenues this quarter.
BNP has gained market share in equities but its performance in the FICC was a disappointment.
In the Investment Bank, our Fixed Income, Currencies and Commodities (FICC) business continued to face many of the challenges seen in the second half of 2013 with a significant year-on-year reduction in FICC income, reflecting difficult market conditions and a strong comparative performance for Q1 last year.
The existing NYPC and FICC "one-pot" arrangement currently offsets margin requirements for both fixed-income cash and repo trades and futures contracts.
Once Wall Street's largest bond trading house, Goldman reported its sixth consecutive quarterly decline in its FICC business.
Commenting on the appointments, Nafees Akbarali, Regional Head of FICC and Global Head of G10 Rates, Standard Chartered said, "Standard Chartered remains focused on leading the way in Global Markets in the region.
Robert Emery Prud'homme, FICC, comme directeur du Departement de chimie.
Paul Hamill, global head of FICC for Citadel Securities, said, 'Joining LCH.
This independent and rules-based benchmark will be a valuable tool for the portfolio management process, said Ajay Rajadhyaksha, Co-Head of FICC Research.