CCPs Prepare For Battle
Published December 11 2011 The Trade
By the middle of 2012, around 60% of European equity trading flows will be subject to clearing interoperability. As market participants get used to routing their trades to the central counterparty (CCP) of their choice, Tomas Kindler, head of clearing relations at SIX Securities Services, believes sustainability of clearing houses will be an important consideration. “Full-blown competition is currently focused on pricing, but sustainability of CCPs is rapidly moving up the agenda,” says Kindler. “When you have the opportunity to consolidate your clearing flows with the CCP of your choice, you want to make sure you pick the firm that will be there in the long run.”
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