European Multilateral Clearing Facility (EMCF), the cash equities central counterparty (CCP), now offers clearing of Norwegian equities admitted for trading at First North Stockholm, the NASDAQ OMX Stockholm-operated multilateral trading facility.
This announcement brings the number of trading venues in Europe that EMCF services to nine.
We are delighted to be expanding our service offering to include First North and look forward to continuing to deliver the best consolidated services for the best price for clearing in Europe,” says Jan Booij, CEO of EMCF.
We are very pleased to extend our working relationship with EMCF. Our market participants have consistently benefitted from the lowest-cost and most efficient clearing in Europe as a result of our partnership with EMCF, adds Hans-Ole Jochumsen, president of NASDAQ OMX Nordic.
EMCF says its has cleared an average of 4 million trades per day in 2011.
(CG)