Thursday December 11 2014
News Source: Global Exchanges
Focus: Derivative Market Segment
Type: General
Country: European Union
Link: https://www.euronext.com/nl/news/euronext-expands-derivatives-service
Euronext has announced a new service which will significantly expand and enhance its derivatives offering for clients. The service, to be launched with equity derivatives in the spring of 2015, will enable bilaterally agreed trades in derivative products with certain flexible parameters to be reported to Euronext and cleared by LCH.Clearnet SA , Euronext’s Central Counter party. The service will run on the TRADExpress platform, delivered by Cinnober, a leading independent provider of solutions and services to major trading and clearing venues.
The new service will provide flexibility for investors by allowing them to tailor derivative instruments and to report through a web interface, or a dedicated electronic connection, with expiration dates, strike prices, option types and settlement styles which are not available on the central order book. Furthermore, clients can benefit from capital and operational efficiencies of clearing flexible trades in the same clearing pool as their existing Euronext positions.
Click link above for further details.