EuroCCP rebrands as Cboe Clear Europe 15 November 2022Netherlands Reporter: Lucy Carter
Image: NicoElNino
EuroCCP has rebranded as Cboe Clear Europe. The European clearing house was acquired by Cbo Global Markets in July 2020.
Operating independently from Cboe, the firm maintains its own governance structure and management team.
Through its open-access model, Cboe Clear Europe has access to approximately 95 per cent of European equity trades, providing clearing services to 47 venues across the continent.
The company has seen increases in both interoperable and preferred clearing, with the latter seeing volumes increase by 31.4 million over a 10-month span.
Supporting parent company’s Cboe Europe Derivatives exchange, launched in September 2021, Cboe Clear Europe also offers equity derivatives clearing.
Arnoud Siegmann, interim president and chief operating officer of Cboe Clear Europe, says: “We feel now is the right time to rebrand as Cboe Clear Europe as we pursue continued growth wherever we can bring the most value for our venues, members and clients. It provides us with a globally recognised brand when it comes to the services we offer.”
Natan Tiefenbrun, president of Cboe Europe, comments: “We are excited to unify our European businesses from a branding perspective. Cboe Clear Europe and its team have helped to drive post-trade efficiencies in European equity markets and developed a reputation for exceptional levels of client service, innovation and risk management. As it takes its new name, [these] attributes will continue to underpin the business.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: NicoElNino 