26 March 2017
visit http://events.sap.com/gb/fsi-forum-2017/en/home

EuroCCP goes interoperable on Equiduct

09 July 2012  |  1458 views  |  1 Source: Equiduct

EuroCCP, the pan-European cash equities clearing house, today announced that its interoperable Central Counterparty (CCP) clearing is now live on Equiduct.

Equiduct is the latest trading platform to embrace interoperability in Europe.

To date Equiduct has used incumbent CCPs in the markets in which it operates. EuroCCP now offers interoperable CCP clearing with the incumbents in these markets. Where interoperability with the incumbent CCP is not yet possible, a "preferred" clearing model will be used.

Diana Chan, CEO of EuroCCP, said: "As interoperability is adopted across trading venues and market participants see the cost savings that result from competitive clearing, the European trading landscape is transforming."

"But six months on from the launch of full interoperability, we are really just at the end of the beginning. It is only when interoperating CCPs get equivalent access to all the trading venues they clear for, that trading firms will see the full benefits of true competition", said Diana Chan.

"The positive impact of the launch of competitive clearing is being felt right across Europe and we have seen a growing demand for it from our customers", said Peter Randall, CEO, Equiduct. "They will benefit from the greater security of having the choice of more than one CCP and in turn reduced funding and settlement costs."

Comments: (1)

Alan Jenkins
Alan Jenkins - Jenkins UK Limited - London | 10 July, 2012, 12:43

The trend to interoperability keeps gathering pace, nine years and two months now since 'virt-x'...

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comvisit abe-eba.eu

Top topics

Most viewed Most shared
French retailer Carrefour launches online bank accountFrench retailer Carrefour launches online...
57239 views comments | 15 tweets | 35 linkedin
European Commission opens public consultation on fintechEuropean Commission opens public consultat...
9065 views comments | 42 tweets | 25 linkedin
Can banks really win in the payments business of the future? – new Finextra reportCan banks really win in the payments busin...
8715 views comments | 23 tweets | 37 linkedin
Westpac wants to take over your messaging keyboardWestpac wants to take over your messaging...
7161 views comments | 4 tweets | 10 linkedin
SecureKey taps IBM to put identity on the blockchainSecureKey taps IBM to put identity on the...
7136 views comments | 22 tweets | 15 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job