Clearing & settlement Archive

Five more banks have signed up to use EuroCCP, a pan-European clearing and settlement facility that provides post-trade services to Turquoise, the multilateral trading facility (MTF) that formally launched today. read more>

European exchange group Deutsche Börse will introduce a new pricing and discount model in September for firms that execute automated trading strategies on its Xetra electronic order book. read more>

SWIFT, a financial messaging cooperative, is to join forces with six major prime brokers to develop and operate a centralised pre-settlement matching solution for equity and fixed-income trades originated by hedge funds. read more>

SWX Swiss Block, the non-displayed liquidity pool for Swiss blue-chip stocks being developed by London-based exchange SWX Europe, is to use the clearing services of SIS x-clear, a central counterparty and registered bank. read more>

European multilateral trading facilities Chi-X and Turquoise, and clearing provider EuroCCP, which will clear Turquoise’s trades, have expressed their surprise and disappointment about a settlement hitch that will delay their plans to launch in Italy. read more>

TARGET2-Securities (T2S), the project to build a single settlement engine for all European securities transactions, has been given the green light by the European Central Bank. read more>

Clearing for trades on futures exchange operator IntercontinentalExchange’s European subsidiaries will migrate to ICE Clear Europe from LCH.Clearnet on the weekend of 13 and 14 September – a month later than previously announced and almost two months later than its initial expectations. read more>

A study published by EuroCCP, the clearing counterparty for new European multilateral trading facility Turquoise, claims that it offers the lowest costs for clearing in Europe, based on tariffs disclosed by all service providers. read more>

Eurex Clearing has enhanced its over-the-counter (OTC) clearing offering. As of 1 July 2008, it will introduce a multilateral trade registration (MTR) facility and a new deal-based pricing structure for equity options. read more>

Euroclear, the European settlement services provider, has signed a ‘Memorandum of Understanding’ to acquire the Nordic Central Securities Depository (NCSD) from Nordea, SEB, Svenska Handelsbanken and Swedbank. read more>