Upon completing its acquisition of equities clearing house EuroCCP, Cboe confirms plans to launch Cboe Europe Derivatives in the first half of 2021.
Cécile Nagel, CEO of EuroCCP, joins The TRADE to discuss how the lockdown environment has impacted clearing, and what the equity clearing house's acquisition by exchange group Cboe will mean for market participants.
Representatives from LCH and EuroCCP highlight contradicting trends they are seeing in clearing activity throughout Europe following Brexit.
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.