Tuesday July 24 2018
News Source: Global Exchanges
Focus: Other
Type: General
Country: Germany
The European Central Counterparty (ECCP) have signed an agreement with Deutsche Borse AG to assist in the ECCP gaining access to the Frankfurt Stock Exchange (FWB). This agreement will help assist self-clearing exchange members and clearing agents with a choice of CCP for cash equities traded on the Frankfurt Stock Exchange. The FWB will introduce the ECCP as an additional CCP for cash equity and ETF trades. Since the ECCP’s creation if has been a major advocate in open access for clearing and trading members. It is expected to go live in the first quarter of 2019.
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