ESP launches central counterparty clearing service in Asia

Electronic Securities Processing (ESP), a trading applications and analytics software provider, has launched a central counterparty clearing service in Asia.
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Electronic Securities Processing (ESP), a trading applications and analytics software provider, has launched a central counterparty clearing service in Asia.

ESP says that central counterparty clearing reduces the trade settlement and allocations burden on buy-side clients who execute stocks across multiple brokers, algorithms and execution venues in a bid to source liquidity and achieve best execution.

"With the addition of Asian markets to our central counterparty clearing service and global broker-neutral routing network, ESP offers buy-side firms the maximum back-office benefits and efficiencies in the major global markets," comments David Sher, managing director and head of sales, ESP. "The trend is clear. Buy-side firms want to manage market fragmentation better," he continues.

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