Carr Futures has appointed Fortis Bank Information Banking as their settlement agent for the Euronext derivatives markets.
With the launch of C21-Derivatives on Euronext in September 2003, Fortis Bank Information Banking has introduced a new service for derivatives clearers on the Euronext Amsterdam, Brussels and Paris exchanges.
Fortis says the C21 Euronext system enables it to automatically select and match the trades of a derivatives clearer on the Euronext exchanges and, as the entire order flow can be handled in an STP environment, arrange for guaranteed contractual settlement.
Carr Futures handles its own trading and clearing on the Euronext derivatives market.