PRESS RELEASE: EMTA and ISCC Sign Agreement to Create... -
[Cached Version]
Published on: 8/7/1996
Last Visited: 5/4/2002
"EMCC is a quintessential example of EMTA's efforts to promote risk reduction and greater operational efficiency," said Joseph Willing, Managing Director of J.P. Morgan and head of EMTA's EMCC Study Group."The benefits will be apparent not only to dealers and interdealer brokers but throughout the Emerging Markets trading industry for years to come."
"We are very pleased to have the opportunity to develop this clearing corporation with EMTA and the Emerging Markets industry.
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In addition to Mr. Willing, EMTA's EMCC Study Group included representatives from Cedel, Chase, Citibank, Daiwa Securities, Deutsche Morgan Grenfell, Eurobrokers, Euroclear, Merrill Lynch, RMJ Securities and Salomon Brothers.