19 August 2017
visit www.avoka.com

Burgundy and EMCF team on Nordic CCP services

09 October 2009  |  1893 views  |  0 Source: European Multilateral Clearing Facility

European Multilateral Clearing Facility (EMCF) together with Burgundy, a regional multilateral trading facility (MTF), have announced the introduction of full mandatory central counterparty clearing (CCP) services for the Nordic region.

The move recognises the growth in trading in the Nordics and increasing importance of the territory to the financial industry. For traders this will provide more transparent and competitively priced services across Copenhagen, Helsinki, Oslo and Stockholm.

Jan Booij, Chief Executive of EMCF said: "The Nordics are growing in importance as a financial centre and we are pleased to be expanding our market share to this region. Working with Burgundy enables us to extend our offering to deliver reliable, cost-effective trading services for market participants. Burgundy will be fully connected with trades on other exchanges linked to EMCF."

"Finally the Nordic countries will be on the European level with regards to trading and settlement cost competitiveness. EMCF and Burgundy have facilitated this with today's launch for Nordic blue-chip equities. Together we will reduce risks and dramatically lower the cost of trading for European trading participants", says Olof Neiglick, CEO of Burgundy.

 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.dorsum.eudownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
8375 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7560 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
6662 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6223 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
6089 views comments | 11 tweets | 9 linkedin

Featured job

Find your next job