Galaxy has received regulatory approval from the Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel (ACP) to operate its Organised Multilateral Trading Facility for European bonds.
The bond trading platform accepts only firm orders and aggregates them in a global order book with prices accessible to all participants. Post-trade information and transaction records are made available publicly. Galaxy is also equipped with a latest generation compliance monitoring system, which checks trading activity in real-time to help safeguard against possible market distortions.
Clearing of securities traded on the platform is handled by LCH.Clearnet SA, with links to the major International Central Security Depositories (ICSD) and/or European National Central Security Depositories (CSD) for settlement and delivery.
