Cboe Clear Europe Plans to Introduce Clearing Service for Securities Financing Transactions
AMSTERDAM and LONDON, June 14, 2023 /PRNewswire/ -- Cboe Global Markets Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today announced that Cboe Clear Europe, its Amsterdam-based clearing house, is planning to introduce a Central Counterparty (CCP) clearing service for securities financing transactions (SFT) in Q3 2024, subject to regulatory approvals.
- AMSTERDAM and LONDON, June 14, 2023 /PRNewswire/ -- Cboe Global Markets Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today announced that Cboe Clear Europe, its Amsterdam-based clearing house, is planning to introduce a Central Counterparty (CCP) clearing service for securities financing transactions (SFT) in Q3 2024, subject to regulatory approvals.
- Vikesh Patel, President, Cboe Clear Europe, said: "We are delighted to bring a CCP clearing service to Europe's SFT market, helping market participants improve their capital and operational efficiencies in relation to these products.
- As a leading pan-European equities clearing house, Cboe Clear Europe currently offers clearing services to 47 trading venues.
- Cboe Clear Europe operates as an independent subsidiary of the Cboe group, retaining a separate governance structure and management team.