EuroCCP
www.euroccp.co.uk
European Central Counterparty Limited (EuroCCP) delivers safety and savings to trading firms through its low-cost, low-risk pan-European clearing and settlement services. EuroCCP clears trades in 15 European markets in more than 5,000 equities issues in Europe and 120 listed Depositary Receipts.
EuroCCP's innovative pricing structure provides volume discounts at a Participant level and offers the lowest-ever equity clearing tariffs available in Europe. With its centralised risk management, EuroCCP offers superior counterparty risk protection. And it earns top reviews from customers for its operational excellence. Firms can estimate their clearing fees using EuroCCP's Clearing Fee Simulator.
- Contact:Andrew Simpson
- Position:Head of Product Management
- Email:click here
- Telephone:+44 20 7650 1594
- Address:Broadgate West One Snowden Street London EC2A 2DQ United Kingdom
Clearing for Platforms/Exchanges
EuroCCP began operations in August 2008, initially clearing for Turquoise. EuroCCP now clears and settles trades in more than 5,000 equities issues for the following trading venues:
- Turquoise, a pan-European multilateral trading facility (MTF) established by nine major investment banks;
- SmartPool, an exchange-led, European dark pool for block trading established by the NYSE Euronext, HSBC, BNP Paribas and J.P. Morgan;
- NYSE Arca Europe, an MTF that operates in 11 European markets;
- Pipeline Financial Group Limited, a pan-European block trading and specialist algorithmic trading platform with sell-side and buy-side users.
Additionally, EuroCCP has entered into a Memorandum of Understanding with NASDAQ OMX to provide clearing services for its exchanges in Copenhagen, Helsinki and Stockholm.
In October 2009 EuroCCP began clearing and settling trades made on the Turquoise platform in 120 of the most heavily-traded listed Depositary Receipts.
As a growing number of MTFs and exchanges offer their users a choice of clearers, EuroCCP expects to extend its services to additional venue
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EuroCCP Related Videos from Automated Trader
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EuroCCP Related Articles from Automated Trader
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The Day of the MiFIDsSuch was the success of the first Markets in Financial Instruments Directive (MiFID), that they’re preparing a second to tighten up the areas in which the real world failed to align itself with the regulatory vision. The regulators are determined that the real world will not fail again, and here, David Dungay examines the scale of the task that confronts them. How much work still needs to be done, and how will Europe’s visionaries enforce happiness and harmonious trading upon us now and for evermore?
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European Equities: The Great DebateJohn Howard, Automated Trader’s Publisher and CEO, had a busy June moderating a series of seminars on MiFID and related topics. The last in the series was held in London, where panellists participated in a discussion hosted by RTS Realtime Systems. With two exchanges, four MTFs and one exchange/MTF represented, the audience were treated to a ’full and frank’ exchange of views!
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MiFID Descends across Europe
Six months after its launch, the Markets in Financial Instruments Directive (MiFID) has begun to stimulate greater competition between trade execution venues, but the fragmentation of liquidity and trade reporting has also caused confusion among buy-side institutions. Chris Hall reports.
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EuroCCP Related News from Automated Trader
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Turquoise's TQ Lens extended to UK stocksFebruary 26th, 2010 - Turquoise liquidity aggregation and order routing service extended to UK stocks
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Automated Trader Updates
February 26th, 2010 - Atrium & BATS announced Multicast PITCH, Fixnetix offered access to Burgundy,Turquoise & EuroCCP accessed Eastern Europe, QUICKFX launched, ICAP chose Tervela’s TMX, Hibernia Atlantic’s GFN joined Switch & Data’s GeoReach Program, Interactive Data 7ticks expanded, Goldman Sachs invested in Tora, Fidelity introduced iPhone App. Integral announced FX Inside Alpha, Progress and SRL teamed up, Hirander Misra resigned from Chi-X, Knight, Citi India & Australian Instinet hired new teams
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Turquoise and EuroCCP launch trading and clearing services for Hungarian and Czech Republic Issues
February 23rd, 2010 - First pan-European clearing service for 25 Hungarian and Czech securities -Turquoise to be first MTF to launch trading in these securities
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Automated Trader Updates
February 4th, 2010 - SmartPool, BATS & Burgundy report record volumes, Nomura's NXMTF goes live, AboveNet extends network to Sentrum, Exegy deploys Options PIPE, BGCantor teams with Xignite, First Derivatives acquires Cognotec, Indata iPM released, LSE launches new retail bond, BarCap joins ETF, Interxion hosts AboveNet PoP, Celeritas selects Exponential-e, EuroCCP to clear for ETC's, GAIN opens in HK.
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EuroCCP to begin clearing Exchange-Traded Currencies
February 3rd, 2010 - Turquoise first MTF to offer trading in Currency ETCs cleared through EuroCCP
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Automated Trader Updates
January 22nd, 2010 - Deutsche Börse expands network, Exegy adds feeds for Omega, GAIN GTX launches, Quant deploys Aleri, Chi-x collocates with Switch & Data, Nuovi collocates with Interxion, ASX adds Nomura, Bloomberg connects ICE & CME, BarCap acquires NYSE DMM, Neonet opens in HK, Fidessa adds 9 brokers, EuroCCP recommends.
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Turquoise adds ETCsOctober 28th, 2009 - Turquoise extends service to include six Exchange Traded Commodities
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Credit Suisse first broker live on Omgeo Ctm
October 21st, 2009 - Omgeo announces Credit Suisse to be first broker to go live on Omgeo’s Central Trade Manager
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Otkritie and Metropol UK leverage Turquoise MTF to trade Depositary Receipts
October 16th, 2009 - Otkritie and Metropol UK leverage Turquoise MTF to trade Depositary Receipts
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Automated Trader Updates
October 16th, 2009 - ITG introduces Raider algorithm, Tradeweb & Tora Routing Network available via TORA Compass Trading Platform. Morgan Stanley selects Corvil, Direct Edge employs Exegy’s Exchange Connect. EMCF & Burgundy announce CCP services in Nordics, EMCF launches central counterparty clearing service on Nasdaq OMX, Nasdaq OMX partners with Kuwait Stock Exchange, LCH Clearnet to clear for 'NEURO'. European Central Counterparty to clear for Depositary Receipts, Citi GTS to be settlement agent, Turquoise first MTF. Traders Securities selects Patsystems for trading and back office solutions, CQG and Velocity Futures expand trading connectivity, Realtick provides access to Goldman Sachs' GSET. Charles River expands into Beijing China, Liquidnet announces record international results for Q3.