Deutsche Börse has selected EuroCCP to provide central counterparty clearing (CCP) services for the Frankfurt Stock Exchange as of Q1 next year.
Self-clearing exchange members and clearing agents trading equities on Frankfurt Exchange will be provided a choice of CCP providers, according to Deutsche Börse, with EuroCCP providing additional CCP services for cash equities and ETF trades on XETRA.
“We have led the way in introducing multi-CCP clearing on the same trading platform. Arrangements based on interoperability or preferred-CCP-model have significantly reduced the all-in cost of trading and have been an essential driver of post-trade simplicity and efficiency,” said EuroCCP CTO, Albert-Jan Huizing.
Earlier this month EuroCCP was selected by Euronext Dublin following its migration to the exchange group’s new cash markets trading platform Optiq, following a deal in June where EuroCCP was selected by Borsa Italiana to act as a CCP, with access to its trade feed for the clearing of shares and depository receipts for various markets.