Friday May 13 2016

News Source: Global Exchanges

Focus: Other

Type: General




Euronext has announced that it is in exclusive talks to acquire a 20% equity stake in EuroCCP for €14M (including contribution to regulatory capital) subject to closing adjustments and regulatory approval.

In addition, Euronext will launch a Preferred Clearing service, providing trading participants with the choice of CCP. Under this service, if participants on both sides of a trade select EuroCCP as their CCP then the executed trade will be cleared by EuroCCP, their designated CCP. This will allow clients greater operational efficiency, the potential for increased netting opportunities and the ability to reduce frictional post-trade costs in relation to Euronext equity markets. This model will be followed by a fully interoperable service and will be open to other CCPs in due course.

Click on the link above for further details.