We recently discussed the broad winners and losers in the financial reform sweepstakes. The top Wall Street banks as a group stand to be the biggest losers, while the hedge fund industry (hedge fund news) appears to be the least harmed. Fortune goes a step further and notes some specific companies as winners and losers.

The CME Group is judged a winner as the bill will likely require OTC derivatives to go through clearinghouses. But this requirement will also benefit the IntercontinentalExchange, whose clearing operations as of now lead the market. It will be interesting to see if the CME can make any inroads. Plenty of people are skeptical. BlackRock is also seen as a winner, as exchange-traded funds do not seem to be affected by the bill.

If a fiduciary standard is imposed on traditional brokers, we could see some interesting dynamics play out. Fortune suggests that if the rule passes, traditional brokers might face a wave of suits, which would play to the benefit of registered investment advisors, of which Charles Schwab is the platform of choice. State Street and Bank of New York-Mellon might also benefit if they offer winning tools and services that help money managers with regulatory and compliance issues. 

For more:
- here's the article

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