EuroCCP to become a clearer for Frankfurt Stock Exchange

Agreement with Deutsche Börse follows similar deals for EuroCCP with Borsa Italiana and Euronext Dublin.

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.