European Central Counterparty Limited (EuroCCP) is based in London, and has received recognition as a clearing house by the UK Financial Services Authority. EuroCCP is a wholly owned subsidiary of The Depository Trust & Clearing Corporation. It provides clearing and settlement services in Europe for Turquoise, a new pan-European trading platform being set up by nine major investment banks, and other trading platforms in Europe.
EuroCCP is a Recognised Clearing House under the Financial Services and Markets Act 2000 and is regulated by the Financial Services Authority. The EuroCCP Rules, information on fees, service description, message and formats can be reviewed by prospective member firms.
Balance of Power
Europe's securities industry is transforming itself at breakneck speed into a much more competitive arena. But is the post-trade world moving fast enough to keep up? (See article by Diana Chan, CEO, from ICFA Magazine, June 2008)