Customer News
EuroCCP and Turquoise Launch Clearing and Trading Services For Hungarian and Czech Securities
EuroCCP and Turquoise recently expanded their respective clearing and trading services into two additional markets, Hungary and the Czech Republic. The move makes EuroCCP the first pan-European central counterparty (CCP) to offer clearing services in the 25 components of the main Hungarian and Czech indices – the BUX and PX indices, respectively.
DTCC and EuroCCP Are Profiled In Infrastructure Governance Study
The global financial turmoil of 2008 and subsequent aftershocks raised the profile of the financial industry's infrastructure organizations – exchanges, central counterparties (CCPs) and central securities depositories (CSDs).
EuroCCP Presents Interoperability White Paper to the Market
The opportunity to discuss the challenges of implementing interoperability between equities central counterparties (CCPs) in Europe drew a standing-room-only crowd to a roundtable event organized by EuroCCP on January 14.
EuroCCP Begins Clearing Exchange-Traded Currencies
EuroCCP launched clearing services for European-listed Exchange-Traded Currencies (Currency ETCs) in February, as it continues extending to new instruments the efficiency, cost-saving and counterparty risk protection benefits it currently provides to clients’ equity and Depositary Receipts transactions.
New EuroCCP White Paper Offers Proposals to Reduce Risks Of Interoperability
In a white paper published in January, EuroCCP presents a series of recommendations to address regulatory concerns about potential systemic risk problems that may result when multiple equities central counterparties (CCPs) in Europe interoperate.
EuroCCP Gears Up For Nordic Launch
As EuroCCP prepares to launch equities clearing services for NASDAQ OMX exchanges in Denmark, Finland and Sweden, it has rolled out a new section on its website to help current and prospective clients get ready to sign on to EuroCCP’s Nordic services.
EuroCCP Customers Get Their Own Online Fee Calculator
Shortly after it introduced U.S.-level high-volume pricing to Europe in October, EuroCCP added a fee calculator to its website, to enable trading firms to estimate their monthly clearing costs at varying volume levels using the firm’s new tiered prices.
EuroCCP Launches Clearing and Settlement for Depositary Receipts
EuroCCP began clearing and settling 120 of the most heavily-traded listed Depositary Receipts on October 16. With this new central counterparty service offering, EuroCCP extends to Depositary Receipts transactions the efficiency, cost-saving and counterparty risk protection benefits it already provides to clients’ equities transactions.
EuroCCP Restructures Clearing Fees To Deliver Scale Economies For Trading Platforms and Trading Firms
European Central Counterparty Limited (EuroCCP) has again leveraged its economies of scale to restructure its fees and set a new low clearing price standard for European equity trades.
EuroCCP Will Launch Services for Depositary Receipts
EuroCCP is launching clearing and settlement services for Depositary Receipts, the company announced in August. The new services, scheduled to go live this autumn subject to regulatory review and approval, will provide clearing and settlement for approximately 50 of the most heavily-traded listed Depositary Receipts.
EuroCCP and Omgeo Test Links in Preparation For Hedge Fund/Prime Broker Service Launch
EuroCCP and Omgeo this month started testing the linkages of their respective systems as they move toward an early 2010 go-live date for their groundbreaking central counterparty (CCP) service for hedge fund trades in Europe.
European Regulators' Recommendations Affirm EuroCCP Proposal
In a report aimed at increasing the safety and soundness of central counterparties (CCPs) in the European Union, the region's central banks and securities regulators recommend that interoperating CCPs in Europe prudently manage the risks arising from their linkages.
EuroCCP Gears Up for January Launch in Nordic Markets
EuroCCP, Fortis EMCF and SIX x-clear — the three central counterparties (CCPs) that will interoperate to serve clients of Nasdaq OMX's stock exchanges in Denmark, Finland and Sweden — have agreed to a Jan. 29, 2010, start date for their interoperability.
EuroCCP Proposes European Convention on Interoperability
On June 17, EuroCCP called for the adoption of a single standard Convention on Interoperability that all central counterparties (CCPs) would sign, to accelerate the seamless connectivity across Europe needed to free market participants to choose where their trades will be cleared and settled — and position the European capital market more competitively as the current recession abates.
EuroCCP and Omgeo Partner to Streamline Prime Broker/Hedge Fund Trade Processing
EuroCCP and Omgeo are jointly developing a pan-European equities central counterparty (CCP) service for hedge fund transactions. The new service will mitigate the counterparty risks and reduce the inefficiencies that today characterize the hedge fund/prime broker/executing broker processing chain.
MOU with NASDAQ OMX for Nordic Markets
EuroCCP has signed a memorandum of understanding (MOU) with NASDAQ OMX Nordic regarding EuroCCP's provision of central counterparty (CCP) services to NASDAQ OMX's stock exchanges in Denmark, Finland and Sweden. The MOU advances NASDAQ OMX's commitment to offer competitive clearing in its Nordic markets.