More NewsNasdaq OMX and EMCF Launch CCP Clearing in the Nordics

Nasdaq OMX and EMCF Launch CCP Clearing in the Nordics

Nasdaq OMX Nordic and European Multilateral Clearing Facility (EMCF) have launched a full central counterparty (CCP) clearing service on the Nasdaq OMX exchanges in Copenhagen, Helsinki and Stockholm.

Nasdaq OMX has introduced mandatory CCP clearing on nine Nordic securities: three each of Finnish, Swedish and Danish stocks respectively. The introduction of CCP clearing in the Nordic equity markets is part of Nasdaq OMX’s strategy to increase market liquidity by building an open, competitive CCP model in the Nordics.

Nasdaq OMX Nordic and its three CCP partners – EMCF, SIX X-clear and Euro CCP – have further agreed to achieve competitive clearing by January 2010.

Hans-Ole Jochumsen, president of Nasdaq OMX Nordic, said: “The Nordic equity markets have taken a quantum leap from bilateral clearing to central counterparty clearing in record time. In a world’s first, we have accomplished this on three markets simultaneously. This is the biggest structural change for the Nordic equity markets since trading became electronic in the early 1990s, and I expect the introduction of CCP to have a similar increasing effect on volumes. The Nordic CCP solution has been designed and implemented in close co-operation with our customers, and I would like to thank them for their commitment and determination to accomplish the fastest CCP implementation in history.”

Related Articles

Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

3m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

4m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

4m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

4m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

5m Tasja Botha
FX for corporates: 5 best practices for treasurers

Economy FX for corporates: 5 best practices for treasurers

5m Mateo Graziosi