They seek to compete directly with exchanges for the trading and clearing business.

他们希望直接与交易所竞争交易和结算业务。

youdao

Morgan's existing clearing business, meanwhile, typically caters to larger customers.

而摩根大通现有的结算业务主要面向大客户。

youdao

Unify and handle daily clearing business such as various payments, collections, salary release, fund transfer etc. of subsidiaries and the group;

集中统一处理成员企业和集团的各种支付、收款、代发工资、资金调拨等日常结算业务；

youdao

"The real business in securities is clearing and settlement, " says Caldwell of Caldwell Financial.

FORBES: Get Briefed: Robert Greifeld

Niederauer spent 22 years at Goldman, most recently as co-head of its equity division execution business, which includes trading, clearing and prime brokerage.

FORBES: Magazine Article

"The benefit of having multiple investment managers, custodians and clearing firms all competing for our advisors' business is that you get to drive down costs and increase quality and empower the advisor to be the quarterback for his clients, " says Pottruck.

FORBES: OutFront