Paris
17 February 2017
Reporter: Drew Nicol

Euronext initiates new post-trade platform launch


Euronext has set out a timeline for the implementation of its new post-trade solution, which will offer risk analytics, inventory management and collateral transformation services for fixed income, equities and commodities.

The Euronext Chequers service will be implemented in stages throughout 2017, with the first phase scheduled for March.

Euronext Chequers electronic silo-based warrants will then be introduced later in Q2 2017, giving clear, transferable title to goods stored in silos.

Later phases will also see the launch of an electronic all-to-all asset financing platform supporting all asset classes pairing liquidity providers with takers.

This platform promises to meet increasing participant demands for collateral upgrade opportunities, given regulatory constraints relating to capital and margin requirements, and will help customers to control costs and improve efficiency.

Lee Hodgkinson, CEO of Euronext London and head of markets and global sales, said: "This initiative is particularly well aligned with the Euronext Group’s agility for growth strategy, with the aim of building a broad-based offering to create more options in our post-trade franchise.”

“We see a greater demand for high-quality collateral, and our customer-centric approach will help us to meet the needs of the financial community with efficient solutions. Euronext Chequers is also a response to increased regulation, which impacts on pricing and the availability of liquidity.”

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
BNY Mellon launches FX prime brokerage service
23 January 2018 | New York | Reporter: Jenna Lomax
BNY Mellon has launched an FX prime brokerage service for its institutional clients
AIMA COO to create Canadian alternatives trade association
23 January 2018 | Toronto | Reporter: Jenna Lomax
Former AIMA COO James Burron is setting up an independent not-for-profit Canadian financial association
AIMA publishes GDPR implementation guide
23 January 2018 | London | Reporter: Jenna Lomax
The guide aims to help members understand and comply with new EU data protection rules that come into effect on 25 May
Saxo Bank extends FX Prime infrastructure
23 January 2018 | London | Reporter: Jenna Lomax
The new infrastructure, which will be available to clients in London and New York, offers full amount execution available through Saxo Bank’s DMA liquidity hubs
James Burron has left AIMA
22 January 2018 | Toronto | Reporter: Jenna Lomax
James Burron has left the Alternative Investment Management Association
Au leaves BNP Paribas
22 January 2018 | Hong Kong | Reporter: Jenna Lomax
Lawrence Au has left BNP Paribas after more than 17 years
META launches new platform for software providers
19 January 2018 | London | Reporter: Jenna Lomax
META Finance is designed to help financial institutions and software providers face the challenges brought by fintech and regulations, such as General Data Protection Regulation
More news