Asian CCP Model Destined For Consolidation?

Central clearing counterparties in Asia could eventually consolidate into each other or bought out by the bigger global CCPs in the mid-to-long-term. Thomas Treadwell, Asia Pacific head of over-the-counter client clearing for Citigroup in Hong Kong, said the business model of clearinghouses and the large number of CCPs already in development in Asia could lead to an eventual consolidation.