EuroCCP signs agreement with Deutsche Börse to provide CCP services for Frankfurt Stock Exchange

Deutsche Börse AG and European Central Counterparty NV (EuroCCP) have signed an agreement, which will govern the project for EuroCCP to gain access to the Frankfurter Wertpapierbörse (FWB), the Frankfurt Stock Exchange.

This solution provides self-clearing exchange members and clearing agents with a choice of CCP for cash equities traded on FWB. FWB will introduce EuroCCP as an additional CCP for cash equity and ETF trades executed on XETRA©, on a preferred CCP basis. It is anticipated that the go-live date will be in Q1 2019, subject to regulatory approval.

With the introduction of competition in the market, clearing services will become more efficient due to a reduction in clearing fees, cross-venue netting opportunities and the optimisation of operational processes.

Since its inception, EuroCCP has been an advocate of open…