14 December 2017
visit www.aciworldwide.com

Turquoise adds EMCF as clearing option

11 April 2012  |  1772 views  |  1 Source: European Multilateral Clearing Facility

European Multilateral Clearing Facility N.V. (EMCF), Europe's largest cash equity CCP, announced today it is to provide interoperable clearing services to Turquoise, the pan-European equities and derivatives trading platform.

Clients can now choose EMCF as their CCP (central counter party clearing house) of choice and benefit from the lowest costs in the industry. The decision by Turquoise to admit EMCF marks a significant step towards full interoperability within European trading platforms.

The decision enables:

• EMCF's customers to consolidate their cash equity clearing flow across all the major European MTFs (and Nasdaq OMX), bringing risk management, settlement and tariff benefits; and
• Lower total costs of trading on Turquoise for EMCF customers, giving Turquoise the opportunity to grow volumes from existing and new participants.

"We're pleased Turquoise has signed up to full interoperability with EMCF, we hope this will be first of many more platforms that looks to offer its customers the EMCF advantage," said Chief Executive Officer Jan Booij.

Adrian Farnham, Chief Executive of Turquoise, said: "We are delighted to be able to offer Turquoise clients the chance to clear with EMCF and we are pleased to be taking this further step towards wide-spread interoperability in Europe." 

Comments: (1)

Alan Jenkins
Alan Jenkins - Jenkins UK Limited - London | 12 April, 2012, 09:19

Nine years next month since virt-x (SWX Europe) started this snowball, and now at last it's gathering pace...

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 www.solutions.lexisnexis.comvisit www.response.ncr.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
12250 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
9574 views comments | 16 tweets | 22 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
8198 views comments | 17 tweets | 36 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
7406 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
7299 views comments | 20 tweets | 11 linkedin

Featured job

Competitive
Germany, Austria or Switzerland

Find your next job