BCS Financial Wins Euroclear Access

BCS Financial Group has been granted access Euroclear’s settlement and custody services through its London-based subsidiary, BCS Prime Brokerage.

Through the agreement, BCS looks to broaden its product offering, enhance operational efficiency, and optimise costs associated with trading, settlement and custody services.

It also anticipates using Euroclear’s service to win access to the London Stock Exchange, as well as local equities and government bonds markets in the U.S. and Russia.

“The Euroclear membership is one of a number of building blocks BCS will put in place over the coming months. The membership approval proves our sustainable business strategy and allows further international expansion,” says Tim Bevan, CEO, BCS Prime Brokerage.