NYSE Euronext announced it has appointed EuroCCP as clearer from day one of the launch of its MTF. The MTF is scheduled to be launched in November this year.
NYSE Euronext announced it has appointed EuroCCP as clearer from day one of the launch of its MTF. EuroCCP will act as a Central Counterparty, enabling anonymous post-trade processing, providing netting and a full range of risk management services to NYSE Euronext’s new pan-European MTF. The MTF is scheduled to be launched in November this year.
In addition, NYSE Euronext has committed to provide access to its trade feed to all four pan-European clearing providers for its MTF once these CCPs have established the necessary interoperability.
Cees Vermaas, Executive Director, European Sales who is leading the new pan-European MTF project at NYSE Euronext said, “This is a significant breakthrough in rationalizing the post-trade infrastructure in Europe and is in line with the EU Commission’s voluntary Code of Conduct, which requires that market infrastructures offer reciprocal open access.”
Press release
© Euronext
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