Euronext expands clearing to include crypto exchange-traded products
Effective from 3 March 2025, Euronext’s expansion of clearing services will play a key role in integrating cryptocurrency ETPs into the regulated financial system.
Effective from 3 March 2025, Euronext’s expansion of clearing services will play a key role in integrating cryptocurrency ETPs into the regulated financial system.
From March 2025, SIX x-clear’s preferred clearing services will be available for Euronext trades, with Euronext Italy joining by Q2 2025.
Hardware component impacts communication channels, DvP cut-off and penalty mechanisms throughout Thursday causing disruption to Europe's settlement system.
Two new post-trade subsidiaries have also been announced, helping support the securities markets.
The move aims to help users access capital efficiencies available when trading US Treasury securities and CME Group interest rate futures that have offsetting risk exposures.
Bank of England’s director for financial market infrastructure highlights the reduction of costs and risks in shortening the settlement cycle.
Following the taskforce report published on 6 February, the FCA is calling on the industry to engage and start planning as soon as possible.
New appointment has previously held senior positions at Morgan Stanley MUFG Securities and at the Development Bank of Japan.
This initiative, led by the Bank of England (BoE) and the UK's Financial Conduct Authority (FCA), aims to promote innovation by enabling regulated digital securities trading and settlement.
New development aligns with Euronext’s plan to expand its Italian repo clearing franchise to a wider range of European government bonds.