BNY Mellon invests in Nasdaq's derivatives-clearing unit

Bank of New York Mellon forged a partnership with International Derivatives Clearing Group, a division of Nasdaq OMX that clears derivatives contracts. IDCG will use the bank's securities servicing products. The move comes as government officials and regulators push for more clearing of over-the-counter derivatives.

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http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSN3042669420090630