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Lukken named CEO of NYPC

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Walter Lukken was named CEO of New York Portfolio Clearing (NYPC). Previously he was SVP in the office of the general counsel of the NYSE and acting chairman of the Commodity Futures Trading Commission. One of the chief trends in the financial-services sector is clearing. Through a horizontal clearing model, NYPC will promote increased competition in the US futures industry and greater transparency for both regulators and participants. He looks forward to continuing to build on NYPC's strong progress toward a third quarter launch, Lukken says.

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