Knight Equity Markets International has re-appointed JP Morgan GlobeClear to provide it with global clearing and settlement services.
Knight began a review at the end of last year of its requirements for the clearing, settlement and related services of its on- and off-exchange trading activity. After the review, Knight reappointed JP Morgan GlobeClear, which has provided over the counter (OTC) and on-exchange securities clearing for Knight since 2004.
“Knight has been a trusted partner for the last three years,” says Christiane Macedo, global head of GlobeClear. “We are pleased to have been retained by Knight and will continue to be flexible to meet Knight’s service expectations.”
GlobeClear provides clearing and settlement agency services covering all fixed income and equity securities for banks, brokers and hedge funds. It provides access through a single point for 21 exchanges and for more than 55 over the counter markets.