Vikesh Patel, president of Cboe Clear Europe, sheds light on Cboe Clear Europe's strategic approach, emphasising three key areas of focus: expanding coverage and interoperability, enhancing derivatives clearing services, and launching a Securities Financing Transactions (SFT) clearing service to meet regulatory requirements and deliver efficiencies.
The proposal has set out eight suggestions to encourage the widespread adoption of good market practices as well as enhancing the resilience of central clearing systems.
The application is the formal start of the launch process of a central clearing and settlement service for overnight equity securities financing.
Buy-side firms using RepoClear will now have direct access to clearing across 13 Euro debt markets and LCH’s basket repo clearing service, €GCPlus.
According to Eurex, giving a greater range of market participants direct clearing house access will deliver tangible efficiencies to their repo operations.
All post-trade derivatives operations at BNP Paribas including reconciliation and post-trade processing will be managed by FIS under 10-year agreement.
As part of the launch, BNP Paribas Securities Services has become a direct participant in the Chilean CSD, Depósito Central de Valores.
The move will enable its institutional investor clients to invest in a wider variety of short-end investment products that they would not previously had access too.
The hire comes at a crucial time for the exchange group as it looks to implement and roll out a number of key post-trade initiatives.
