Tuesday September 24 2013
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: European Union
Link: http://www.eurexclearing.com/clearing-en/about-us/news/643640/
Eurex Clearing and SL-x Trading Europe (SL-x) have signed an agreement whereby Eurex Clearing will act as clearing house for securities borrowing and lending (SBL) transactions executed via SL-x’s patent-pending electronic trading platform.
SL-x plans to launch the new platform in the fourth quarter of 2013 in 17 European equity markets. At the outset, Eurex Clearing will offer central clearing for SL-x’s SBL transactions in Belgian, Dutch, French, German and Swiss stocks. In these initial five markets SL-x’s platform aims to include approximately 2,000 stocks and Exchange Traded Funds that represent over 90 per cent of these markets’ stock on loan.
Click on the above link for more details