EuroCCP rebrands to Cboe Clear Europe following 2020 acquisition
Since acquiring the clearing house, Cboe has grown the number of venues it provides clearing services to from 37 to 47.
Since acquiring the clearing house, Cboe has grown the number of venues it provides clearing services to from 37 to 47.
Incoming CEO will work closely with financial institutions in the region, providing them with custody, clearing, settlement and trading solutions.
The global exchange traded fund (ETF) market has seen extraordinary growth since its inception almost 30 years ago, with the range of ETF products growing increasingly diverse and complex. In Europe, a high rate of settlement failures and general inefficiency in the market has meant there has been a drive to bring more ETF trades through central clearing, providing greater risk mitigation and operational efficiency. But is enough being done to facilitate that switch? Chris Lemmon reports.
Following the exchange’s decision to migrate its clearing operations, LCH SA and EuroCCP are lacing up for battle. The question is, who will be preferred?
Executives from LCH, SIX, EuroCCP and Eurex populated a panel at the PostTrade 360 event in Stockholm last week to discuss the current state of affairs in the UK and European clearing markets.
All exchange traded equities and exchange traded funds (ETFs) cleared via EuroCCP will now be eligible for settlement on Clearstream Banking.
Through the collaboration, UK retail investors can use Freetrade’s commission-free platform to invest in German and Finnish listed stocks and clear through EuroCCP.
As the implementation of the Central Securities Depositories Regulation (CSDR) and the Settlement Discipline Regime loom, these industry participants see post-trade regulation as a key theme to watch.
The extension by EuroCCP to clear Norwegian growth stocks remains subject to regulatory approval and is expected to launch on 28 June this year.
Changes to the management team at EuroCCP have been made as it transitions into a multi-asset clearinghouse to support Cboe’s new European derivatives business.