Now claiming to have clearing access to over 95 percent of the cash equity trades on organised markets in Europe, EuroCCP announces that it will start clearing trades on the Frankfurt Stock Exchange on 11 November.
According to a press release Thursday, the clearing house is introducing its services “on a preferred CCP basis for trades in cash equities and ETFs executed on Xetra for the first time”. Xetra is Deutsche Börse’s main trading system.
Has 30 percent
Last year, EuroCCP agreed to clear trades executed on exchanges including Oslo Børs, Borsa Italiana and Euronext Dublin, and more recently clearing of European ETFs on Tradeweb were added to the portfolio.
The company says it currently clears more than 30 percent of Europe’s cash equities and about 40 percent of trades on exchanges and venues with three-way interoperability.