Morgan Stanley and Credit Suisse choose EuroCCP under interoperability
Banks such as Morgan Stanley and Credit Suisse have chosen EuroCCP to clear their trades under new system of interoperability
Morgan Stanley, Credit Suisse, Bank of America Merrill Lynch and Nomura have all chosen EuroCCP as their preferred central counterparty (CCP) since the launch of CCP interoperability on July 29.
"We are really pleased to have been backed by such significant players in the European cash equities market," says Diana Chan, chief executive officer of EuroCCP. "We expect more firms to designate EuroCCP in the coming weeks."
At the moment there are only two platforms offering interoperability: Bats
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