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Euronext to expand Euronext Clearing to derivatives markets by Q3 2024

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Euronext is to expand Euronext Clearing to the Euronext derivatives markets for Q3 2024 with Euronext Clearing becoming the exchange’s clearing house of choice for cash equity, listed derivatives and commodities markets. 

Euronext is to expand Euronext Clearing to the Euronext derivatives markets for Q3 2024 with Euronext Clearing becoming the exchange’s clearing house (CCP) of choice for cash equity, listed derivatives and commodities markets. 

Euronext acquired multi-asset clearing house Euronext Clearing (formerly CC&G) in April 2021, and in November 2021, announced its ambition to internalise the clearing activity of its cash and derivatives flows, currently operated by third-party providers. 

Combined with the successful migration of its Core Data Centre in June 2022 from Basildon (United Kingdom) to Bergamo (Italy) and the planned migration of the Borsa Italiana capital markets to Optiq, Euronext’s proprietary trading platform, the expansion of Euronext Clearing will allow Euronext to manage the entire trading value chain of its markets by the end of 2024. 

Euronext will directly operate clearing activities for its cash, listed derivatives and commodities markets, and will provide one single platform for clients to access information on collateral, risk, and clearing. 

Euronext says Euronext Clearing will bring margin efficiencies to clients with the implementation of a new Value-at-Risk methodology providing solutions for risk capture and allocation within the system. According to Euronext, this move will also bring efficiencies across all asset classes, with transparency on data, particularly on settlement, leveraging Euronext Securities to access the Target-2-Securities (T2S) settlement platform. 
 

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