Press Releases
EuroCCP Launches Clearing and Settlement for Depositary Receipts
European Central Counterparty Limited (EuroCCP) today announced that on 16 October it will begin clearing and settling 120 of the most heavily-traded listed Depositary Receipts.
EuroCCP Sets New Low Clearing Price Benchmark for European Equity Trades, with Highest Volume Users to Pay just 0.2 Euro Cents Per Side
European Central Counterparty Limited (EuroCCP) announced today it has again leveraged its economies of scale to restructure its fees and set a new low clearing price standard for European equity trades.
EuroCCP to Launch Clearing and Settlement Services for Depositary Receipts
European Central Counterparty Limited (EuroCCP) today announced it is launching clearing and settlement services for Depositary Receipts. 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 Proposes European Convention on Interoperability
European Central Counterparty Limited (EuroCCP) called today 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.
NASDAQ OMX Announces Timeline for Competitive Central Counterparty Clearing in Nordics
NASDAQ OMX Nordic, part of The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) today announces that its central counterparty clearing (CCP) service partners EMCF, EuroCCP and SIX x-clear have agreed to achieve interoperability by January 29th 2010. Interoperability between the CCP parties allows members at NASDAQ OMX Nordic exchanges to interact with multiple clearing houses to clear and settle their trades.
Omgeo and EuroCCP Partner to Streamline Prime Broker/Hedge Fund Trade Processing
Omgeo and EuroCCP today announced they have launched joint development of 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.
Simpson Joins EuroCCP as Head of Product Management in London
European Central Counterparty Limited (EuroCCP) today announced the appointment of Andrew Simpson as head of Product Management in London. In this newly created position, Simpson will focus on product strategy and business planning, and be responsible for developing EuroCCP's positioning on industry issues.
Timber Hill (Europe) to Join EuroCCP as Clearing Participant
European Central Counterparty Ltd. (EuroCCP) has approved Timber Hill (Europe) AG as a General Clearing Participant (GCP). Once Timber Hill goes live, the number of EuroCCP's Participants will increase to 26.
EuroCCP to Provide Central Counterparty Services for Pipeline's European Block Trading Platform
European Central Counterparty Limited (EuroCCP) announced today that it has been selected by Pipeline Financial Group Limited to provide central counterparty (CCP) services for Pipeline's new pan-European block trading and specialist algorithmic trading platform.
EuroCCP and SIX x-clear sign agreement on interoperability - Turquoise first platform to benefit
In another major step forward for the concept of interoperability, EuroCCP and SIX x-clear Ltd have signed a Memorandum of Understanding outlining their commitment to interoperate with each other, thus offering any of the exchanges or platforms they work with competitive clearing services under an accelerated multi-CCP model if the exchange or platform so wishes. The first platform to offer this model to its participants will be Turquoise.
EuroCCP Reduces Clearing Fees to 5 Euro Cents
EuroCCP's current clearing fees will be reduced from six euro cents to five euro cents per side, effective April 1.
EuroCCP Begins Clearing For NYSE Arca Europe Platform
European Central Counterparty Limited (EuroCCP) announced that it has begun clearing for the NYSE Arca Europe multilateral trading platform, which officially launched operations today.
EuroCCP Begins Clearing Trades for Spanish Market
European Central Counterparty Limited (EuroCCP) announced that it will begin clearing trades in the Spanish market this week.
EuroCCP Begins Clearing Trades for SmartPool
European Central Counterparty Ltd. (EuroCCP) announced today that it had successfully begun clearing and settling trades on Feb. 2 for SmartPool, a new exchange-led, European dark pool for block trading established by the NYSE Euronext, HSBC, BNP Paribas and J.P. Morgan.
EuroCCP to Begin Clearing Spanish Equities in February
European Central Counterparty Ltd. (EuroCCP) announced today that it expected to begin providing low-cost clearing and settlement of equities from Spain in support of the Turquoise pan-European trading platform, beginning next month.
SecFinex and EuroCCP to Launch CCP for Stock Borrowing & Lending in the UK
SecFinex Limited, a NYSE Euronext Company and the leading European electronic trading platform for equity finance, and EuroCCP, the London-based subsidiary of The Depository Trust & Clearing Corporation (DTCC), announced today they have signed an agreement to launch central counterparty (CCP) services for stock borrowing and lending across the SecFinex Order Market multilateral trading facility for the UK market.