Nordic Exchange picks EuroCCP for interoperability
Burgundy has announced that EuroCCP will provide interoperable clearing for securities traded on the Nordic exchange in 2012. This is subject to approval by the regulators of Burgundy and EuroCCP.
Diana Chan, CEO of EuroCCP, said, “Our partnership with Burgundy marks another step towards providing genuine competition in the clearing of Nordic securities. This is great news for all equity traders operating in these markets.
“We are pleased to see more trading venues adopt interoperable clearing as ultimately we believe this will succeed in transforming the European equities trading landscape with all market participants enjoying the benefits of greater choice and lower costs.”
