Deutsche Bank’s Global Transaction Banking division has introduced its post-trading services on two further Multilateral Trading Facilities (MTFs). Its Domestic Custody Services (DCS) business will now offer clearing and settlement for the BATS Europe and NASDAQ OMX Europe platforms as a General Clearing Participant of European Multilateral Clearing Facility N.V. (EMCF).
According to a statement from Deutsche Bank, the bank is actively monitoring the development of other MTFs with a view to adding clearing and settlement services where appropriate.
BATS Europe and NASDAQ OMX Europe already offer trading in multiple pan-European securities. Deutsche Bank has existing clearing relationships with Xetra, Euronext, Chi-X, Turquoise, MTS Italy, Xontro, Scoach, EEX and Eurex.
Rob Scott, Global Head of Securities Clearing & Financing at Deutsche Bank, said, These latest additions to our global clearing product suite demonstrate Deutsche Banks commitment to the securities clearing business. We will continue to expand our services in markets where there is client demand. Paul ODonnell, Chief Operating Officer at BATS Europe, said, We are pleased to offer our participants a choice of General Clearer with the addition of Deutsche Bank.
The primary driver in the selection of BATS Europes partners is participant demand, and in our efforts to make markets better in Europe, we will continue to work with firms such as Deutsche Bank that meet our participants specific clearing and settlement needs with competitive and comprehensive solutions. Todd Golub, Chief Operating Officer at NASDAQ OMX Europe said, We are happy to add Deutsche Bank as a General Clearer, thereby expanding the number of clearing partners for the benefit of our diverse and expanding customer base. We are committed to bring to the European market a trading solution that is highly competitive and supports freedom of choice for our customers.