Clearing & settlement Archive

US post-trade processing firm The Depository Trust & Clearing Corporation (DTCC) is to offer real-time trade guarantees for continuous net settlement-eligible trades and boost its processing capacity for equities clearing to 500 million transactions a day. read more>

Instinet, a global agency-brokerage owned by Nomura Holdings, has secured membership on the ASX Settlement and Transfer Corporation (ASTC), the settlement processing facility of the Australian Securities Exchange (ASX). read more>

Quadriserv, a North American provider of securities lending services, and Eurex Clearing, the post-trade division of European derivatives exchange Eurex, have joined forces to provide central counterparty (CCP) clearing and settlement services for securities lending of European equities. read more>

Exchange group Nasdaq OMX has delayed the launch of the planned central counterparty (CCP) for its exchanges in Copenhagen, Helsinki and Stockholm, and has scrapped plans to include Nordic-specific features in the CCP and establish a Nordic clearing fund in response to comments from members. read more>

Deutsche Bank’s transaction banking division has started offering clearing and settlement to multilateral trading facilities (MTFs) Chi-X and Turquoise as a general clearing participant of pan-European clearers European Multilateral Trading Facility (EMCF) and European Central Counterparty (EuroCCP). read more>

European central counterparties (CCPs) must work together to make securities clearing and settlement cheaper and more efficient, or risk a European Commission (EC) mandate, according to the latest report from consultancy Aite Group. read more>

NYSE Euronext today launched a Single Order Book in Europe, which unites trading, clearing and settlement across the group’s exchanges in France, Belgium and the Netherlands. read more>

Competition in the US equities clearing market could introduce both risk and cost to post-trade processes, according to Stuart Goldstein, managing director, corporate communications at The Depository Trust & Clearing Corporation (DTCC), the US’s central clearing provider. read more>

SecFinex, an electronic trading platform for securities lending owned by exchange group NYSE Euronext, has teamed up with EuroCCP, a European post-trade service provider owned by US clearing house DTCC, to launch central counterparty (CCP) services for stock borrowing and lending across SecFinex’s UK Order Market. read more>

Liffe has become the first derivatives exchange to offer clearing of credit default swaps (CDSs) following an agreement with LCH.Clearnet, the global central counterparty (CCP). read more>