Swedish marketplace Spotlight Stock Market has implemented CCP clearing to encourage international trade in the shares it lists. The firm reveals in a press release that it is working with Cboe Clear Europe, SIX X-clear, and LCH to provide “the same solution as the major European exchanges” without charging any additional fees for listed companies.
The introduction of a CCP solution is expected to give international investors easier access to invest, leading to better liquidity and price picture. The broader spectrum of investors could, in turn, “be positive for the listed companies in terms of raising future capital”.
Spotlight Stock Market CEO Anders Kumlin says, “It (the clearing solution) establishes Spotlight as a competitive exchange for European growth companies in search of a cost-efficient listing on a marketplace tailor made for the demands of a fast-growing company.”
Representatives from both SIX X-clear and CBOE Clear Europe acknowledge that the partnership offers an opportunity to expand their market coverage and strengthen their positions in the Nordic region.
