Starting from 18 August KAS BANK N.V. would act as General Clearing Participant for Turquoise, the new pan-European alternative trading platform.
In total KAS BANK now offers its clients a direct link to eighteen European markets, Hong Kong, Dubai and the USA.
“This additional link to our European platform underlines our commitment to provide integrated European clearing & settlement services via our Single Platform to the main European regulated markets and Multilateral Trading Facilities (MTFs),” says Albert Roell, chairman of KAS BANK’s Managing Board. “We are already General Clearing Participant for the Chi-X CCP-covered markets and closely monitor the development of all MTFs with a view to add these to our clearing and settlement capabilities. This new link is also a further extension of our best execution service under MiFID. KAS BANKs Smart Engine provides banks and brokers with an eminent outsourcing solution for direct access to regulated markets and alternative trading platforms across Europe and worldwide.”