Deutsche Boerse Group wants to expand its equities trading in the UK, France, the Netherlands, Belgium and Portugal.
Eurex Clearing AG, the clearing house of the international derivatives exchange Eurex, and Clearstream, the settlement organization of Deutsche Boerse Group, have requested access and interoperability to the stock exchanges, clearing houses and settlement organizations of these five markets on the basis of the European Code of Conduct for Clearing and Settlement.
“Clearing links to the UK, French and Dutch markets, as well as the link to Switzerland announced this week and the existing service for Germany and Ireland will allow us to offer equities clearing for more than 80 percent of the European blue chips listed on the Dow Jones STOXX 50,” says Thomas Book, who is responsible for clearing on the Eurex executive board.
“Settlement links to the major European infrastructure providers form the basis for efficient cross-border equities trading,” says Mark Gem, a member of the executive committee of Clearstream International.