What we're doing is putting together, in one margin calculation, both futures positions that are traded on New York Stock Exchange's futuresexchange, NYSE Liffe US, and the fixed income securities positions that are currently cleared at DTCC FICC, the fixed income clearing corporation.
Hong Kong's futuresexchange is objecting to Simex's index product on the grounds that different regulations in the two cities could open the way for attacks on the SAR's bourse.