Overview

EuroCCP provides clearing services for a number of trading platforms: BATS Europe, Chi-X Europe, NYSE Arca Europe, Pipeline Financial Group Limited, SIGMA X MTF, SmartPool, Turquoise and UBS MTF. It has the mandate from NASDAQ OMX Nordic Exchanges and Burgundy to provide competitive clearing. EuroCCP’s clearing participant customers are some of the largest financial market intermediaries.

EuroCCP has developed a capability to clear over-the-counter (OTC) European cash equities trades. It currently clears trades matched on the Omgeo CTM platform and has been mandated by SWIFT to provide a pan-European clearing for its Accord platform.

Who can use the service

A prospective participant of EuroCCP must be a corporation, partnership or other business organization regulated under the securities and/or banking legislation of a country in the European Economic Area or any other country acceptable to EuroCCP. Firms must meet minimum capital requirements, and be able to meet operational requirements and have a satisfactory history of compliance with its regulator. Firms that are not EuroCCP participants can clear and settle trades through a Participant.

Rules are available in the Legal & Regulatory section.

Next: Benefits of using EuroCCP

EuroCCP is a wholly owned subsidiary of The Depository Trust & Clearing Corporation (DTCC).