Discussions were led by Rafael Plata (left), secretary general of the European Association of CCP Clearing Houses (EACH). Panel participants, from left, were
Alex Krunic, Head of Equities, LCH
Cécile Nagel, CEO, EuroCCP
Marcus Harreus, CEO, SIX x-clear
Julia Haglind, CEO, Nasdaq Clearing
Gabriel Vimberg, Head of Derivatives Clearing, SEB

Gabriel Vimberg said he does not foresee radical change to the CCP market in the coming few years, as the current actors do contribute by knowing their clients closely.

Alex Krunic of LCH pointed out that a CCP that buys another one cannot stay certain of keeping the target’s clients. Clients often have several CCPs, and could easily move. While the market is already fairly consolidated – with a small number of CCPs providing the absolute majority of clearing in Europe – there is still a surprisingly high number of actors across the world.

”There are 77 CCPs globally. I couldn’t name ten,” joked Alex Krunic.

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