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The Chicago Fed's Financial Markets Group analyses and produces research on topics including clearing and settlement arrangements in financial markets and current and future payment instruments.

About the Financial Markets Group

The Federal Reserve Bank of Chicago's Financial Markets Group is a multidisciplinary initiative to study financial markets and payment instruments and networks.

Financial Markets

The Group's areas of focus include the clearing and settlement operations that support financial markets, with particular emphasis on Chicago derivatives exchanges and clearinghouses. More...

Payments Studies

Staff members also conduct academic, applied, and public policy analysis of existing as well as the next generation of payment systems. More...