Burgundy introduces competitive clearing

Source: Burgundy

Burgundy is pleased to announce launch of a competitive clearing service from 11 May 2012.

Competitive clearing enables Burgundy's customers to choose between EMCF and SIX x-clear, both leading European clearinghouses. As from tomorrow, customers trading on Burgundy and other European platforms offering interoperable CCP clearing can now save capital and optimize clearing costs by consolidating their flow to their preferred clearinghouse. This follows the trend in Europe to introduce competition at all layers of a transaction while at the same time reducing risk. 

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