EMCF and LCH.Clearnet have signed a memorandum of understanding outlining their commitment to interoperate with each other.
EMCF and LCH.Clearnet have signed a memorandum of understanding outlining their commitment to interoperate with each other.
The model will allow for competitive clearing for market participants who wish to centralize their clearing with one CCP.
‘After the first announcement of an interoperable link with X-Clear some months ago, I am pleased EMCF will be able to provide a second link with another CCP in Europe thus allowing customers in Europe optimal flexibility in choosing their clearing partner,’ says Jan Booij, chief executive of EMCF.
EMCF was established in March 2007 to provide competitive central counterparty clearing services for the rapidly growing MTF market. EMCF currently provides CCP services for BATS, Chi-X, Nasdaq OMX Europe and Nasdaq OMX Nordic.
