Thought leaders from Instinet, Duco, Cboe Clear Europe, SteelEye, and Euronext unpack the plethora of market structure and regulatory changes expected in 2025 and beyond, touching on T+1, DORA, Emir 3.0 and more.
The development will provide a service for European SFT transactions in cash equities and ETFs, including central clearing, settlement and post-trade lifecycle management.
The pair intend to develop a proof of concept that links DTCC’s tri-party trade matching workflow with Cboe Clear Europe.
Bank of America and State Street are set to support the service from its launch, anticipated in Q3 2024, adding to the likes of BNY Mellon, Citi and JP Morgan who are already behind the initiative.
Market onlookers from Groupama Asset Management, Cboe Clear Europe, Cboe Global Markets, UBS and Tallarium delve into the ever-evolving state of Mifid and Mifir regulation and the key priorities for the next 12 months.
The TRADE sits down with Vikesh Patel, president of Cboe Clear Europe, to discuss the evolving clearing space, steps needed to be taken to better harmonise the European CCP landscape, as well as the firm’s moves to clear securities financing transactions.
Initiative to introduce clearing, settlement and post-trade lifecycle management for SFT transactions in European cash equities and ETFs supported by the likes of BNY Mellon, Citi and Goldman Sachs; follows a string of senior appointments at Cboe Global Markets.
The new options are expected to be available for trading by November 2023 and will initially launch in 10 EU countries, clearing into Cboe Clear Europe.
The European CCP had previously been operating under the UK’s Temporary Recognition Regime following the end of the UK and the EU’s transition period in 2020.
Head of commercial and business development at Cboe Clear Europe expects the Euronext Clearing migration to have the most impact on the post-trade space in 2023.