EuroCCP Signs Agreement With Deutsche Börse
The deal with Europe's largest equities CCP is expected to increase competition in the market.
The Frankfurt Stock Exchange will introduce EuroCCP as an additional central counterparty clearing house (CCP) for cash equities and exchange-traded funds on Xetra.
“EuroCCP would become connected as a preferred CCP,” says Christian Schürlein, head of institutional sales cash market at Deutsche Börse.”That means for Xetra a trading member can opt for a preferred CCP, in this case EuroCCP. We will record this in our trading system. If two trading members in a trade have opted for the same
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