The Bank of New York Mellon has purchased an equity stake in the International Derivatives Clearing Group, the clearing house majority-owned by Nasdaq OMX, in order to offer its clients “efficient” OTC derivatives clearing, as regulators push for more trades to be cleared.

Neither party has revealed the size of investment or the financial terms of the deal.

A spokesperson for the bank in New York said customers had asked it to leverage its “un-conflicted” services in derivatives margin and collateral management, trading, clearing and processing.

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