Tuesday October 29 2013
News Source: Global Exchanges
Focus: Other
Type: General
Country: International
Link: http://www.ccg.it/jportal/pcontroller/AllegatoHandler?lingua=2&allegato=127238
CC&G has announced that it is expanding its existing CCP services to EuroMOT, ExtraMOT and HI MTF markets. CC&G will now act as the standing buyer to every seller and vice versa for bonds settled via international CSDs including Euroclear Bank Brussels and Clearstream Banking Luxembourg. The initial phase will see clearing of euro-denominated bonds. In the coming months, CC&G will also begin clearing products traded on EuroTLX, the fixed income MTF.
The service will offer clients a more efficient post-trade management process, allowing CC&G operators and customers to benefit from significant savings on settlement commissions.
Click on the above link for more details.