Monday February 24 2014
News Source: Global Exchanges
Focus: Trading Rules
Type: General
Country: European Union
Link: https://www.euroclear.com/en/news-views/news/press-releases/2014/14-MR-04.html
EuroCCP, the pan-European central counterparty (CCP), has chosen Euroclear Bank, the Brussels-based international central securities depository (ICSD), as sole settlement provider for all US-listed equities transactions struck on Turquoise, the pan-European trading venue.
Under the service which was launched February 24, 2014, transactions in US stocks listed and traded on Turquoise will be settled on behalf of clients at Euroclear Bank in any of the 54 settlement currencies offered by the ICSD.
Clients of Turquoise and EuroCCP need make no adjustments – contractual or operational – to be able to benefit from Euroclear Bank’s robust securities settlement and asset servicing expertise. Turquoise is the only MTF in Europe to offer a full range of US equities.
Click on the above link for further details.