Cboe Global Markets will develop clearing and equity derivatives trading in Europe with its acquisition of EuroCCP.
As of 11 November, EuroCCP will offer clearing in cash equities at the Frankfurt Stock Exchange and Xetra.
Tradeweb is looking to streamline post-trade workflows for clients, and help firms meet the upcoming CSDR requirements.
David Hatton, formerly at Commerzbank and LCH, will join European clearinghouse EuroCCP later this month.
Cboe and Turquoise have established EU entities in Amsterdam, while Aquis Exchange set up its new EU base in Paris.
Cécile Nagel, head of LSE markets global product development and LSE exchange traded products has been named as EuroCCP’s new CEO.
Agreement with Deutsche Börse follows similar deals for EuroCCP with Borsa Italiana and Euronext Dublin.
EuroCCP will act as sole CCP for Euronext Dublin following its migration to the exchange group’s new cash markets trading platform Optiq.