SIX x-clear is set to introduce its preferred clearing services for Euronext market participants, starting in March. According to a SIX press release, expansion will cover trades executed on Euronext’s markets in Paris, Amsterdam, Brussels, Lisbon, Dublin, and Milan, with Euronext Italy to follow by the second quarter of 2025.
The expansion will provide Euronext market participants with an additional central counterparty (CCP) option, potentially increasing competition in the European clearing landscape. SIX’s clearing infrastructure and risk management systems will support the initiative, aiming to enhance efficiency and reduce counterparty risk.
Implications for market participants
By adding another CCP choice, the move could impact trading firms’ clearing strategies, potentially lowering costs and increasing flexibility. Laura Bayley, Head of Clearing Services at SIX, says: “We are pleased to further demonstrate our commitment to enhancing efficiency and creating value for our members. By offering an additional choice of CCP, we are confident that this will boost transparency, sustainability, and resilience within the financial sector.”
