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.”