Euroclear UK & Ireland, the UK’s central securities depository, has said it will reduce its trade-netting tariff from the start of next month, thereby reducing the cost of trading on the London Stock Exchange (LSE). read more »
Clearing & settlement
Mon, 2010-02-22 10:44
Nasdaq MTF’s new post-trade chief to push for interoperability
Nasdaq OMX Europe, the pan-European multilateral trading facility (MTF) owned by global exchange group Nasdaq OMX, has appointed Dan Smith as post-trade manager. read more »
Fri, 2010-02-19 13:12
CCP link agreements still need work to make them safe
Despite last week’s guidance from UK, Dutch and Swiss financial regulators about their requirements for secure interoperability agreements between central counterparty (CCP) clearing houses, a perfect solution for the links has yet to be found, according to CCPs’ members. read more »
Mon, 2010-02-15 14:35
CCPs welcome regulators’ calls for better-financed links
Three of Europe’s major central counterparty (CCP) clearers have voiced their support for the UK, Dutch and Swiss financial regulators’ demands for more collateral to support interoperability between clearing houses. read more »
Mon, 2010-02-08 12:25
LCH and x-clear suggest own link as interoperability template
European central counterparty clearers LCH.Clearnet Limited and SIX x-clear have published a summary of their linking agreement, which came into force in December 2008, as a template for interoperability between other clearing houses in the continent. read more »
Fri, 2010-01-29 15:12
Deutsche Bank to support Nasdaq MTF’s CE Europe foray
Equities clearing house European Multilateral Clearing Facility (EMCF) has appointed Deutsche Bank as its settlement agent for central and eastern Europe ahead of pan-European trading platform Nasdaq OMX Europe’s expansion into the region. read more »
Thu, 2010-01-28 12:01
CLS/ICAP venture to cut FX post-trade burden “by 90+%”
The CLS Aggregation Service (CLSAS), a joint-venture post-trade netting system for over-the-counter foreign exchange trades developed by FX settlement provider CLS Group and a unit of interdealer broker ICAP, has gone live. read more »
Tue, 2010-01-19 15:39
Decision imminent over new EMCF/LCH link request
European Multilateral Clearing Facility (EMCF), the Dutch-regulated pan-European central counterparty, could receive a verdict about its re-submitted application to interoperate with fellow CCP LCH.Clearnet from the Dutch central bank in the coming weeks. read more »
Mon, 2010-01-18 10:31
LSE beefs up post-trade unit with new hire
The London Stock Exchange (LSE) has appointed ex-Xtrakter CEO Kevin Milne to lead its post-trade services business. read more »
Wed, 2010-01-13 14:50
EuroCCP warns against margin sharing for CCP links
Pan-European clearing house EuroCCP has issued recommendations for reducing the risks of interoperability between central counterparties (CCPs), which advises against sharing collateral between clearers to mitigate exposures from inter-CCP links. read more »
