EMCF Joins Push for Central Clearing Interoperability
By Jessica Meek
Published August 19 2011 Risk Magazine
Users of two trading platforms, Bats Europe and UBS MTF, will have a free choice between all four central counterparties (CCPs) operating on each platform. The European Multilateral Clearing Facility (EMCF), Europe's largest cash equities CCP, has decided to sign interoperability agreements with both platforms, and with the other CCPs on each platform, over the coming weeks. Full interoperability will be launched on January 1, 2012. It will also seek to sign similar agreements with two other platforms – Chi-X Europe and Nasdaq OMX.
full article 
(subscription)
