Bringing you live news and features since 2006 

EuroCCP Andrew Simpson

EuroCCP launches clearing service for US equity issues


EuroCCP has launched a service offering central counterpary clearing of trades in US stocks and US exchange-traded funds to European trading firms.

EuroCCP is the first European equities central counterparty clearing US securities and settling them directly in the central securities depository in their home market of issue, The Depository Trust Company.

EuroCCP’s new service gives European trading firms their first-ever opportunity  to trade US securities on a variety of pan-European platforms during European trading hours and to settle those trades in DTC.

By offering a service where US securities settle directly at the US CSD, EuroCCP provides European trading firms with a more cost-effective post-trade solution. 

Initially, the US securities eligible for clearing through EuroCCP include approximately 100 stock issues and 50 ETFs. EuroCCP expects over time to expand the scope of eligible instruments to further equities and ETFs and to ADRs. 

EuroCCP’s clearing service for eligible US issues is open to any trading venue cleared by EuroCCP that offers trading in the securities. Trading will be against US dollars.

“With our new service, we expect to encourage the development of liquidity in US equities in Europe. European trading firms will have a centralised clearing solution to facilitate their trading of US securities on multiple European trading venues,” says Andrew Simpson (pictured), EuroCCP’s head of product management in London. “We are leading the way by providing European investors with the most comprehensive array of central counterparty services on a single post-trade platform — and at the same time offer a lower-cost settlement alternative than previously available to firms trading in Europe.”

The new service increases the number of markets cleared by EuroCCP to 19, more than any other European equities CCP.

Latest News

BlackRock's iShares, an undisputed leader among European ETF issuers, pushed further ahead in Q1 with EUR173 billion in trades, triple..
European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..

Related Articles

etf active trading
Latest Morningstar data shows actively managed ETFs’ share of the US ETF market rose to 8.5 per cent at the...
Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by