Wednesday July 30 2014

News Source: Global Exchanges

Focus: Trading Systems and Technology

Type: General

Country: European Union

Link:




BATS Chi-X Europe (BATS) has extended interoperable clearing to include exchange-traded funds (ETFs) and exchange-traded products (ETPs).

Trading participants can select one of three central counterparties (EuroCCP N.V., LCH.Clearnet Ltd, or SIX X-Clear) to clear their trades executed on BATS’ order books.

The change, which brings the clearing and settlement treatment of ETFs and ETPs in line with other equity trading activity on BATS, will allow participants to net their ETF/ETP trades executed on BATS with their trades that are executed on other venues.

Click link above for further details.