Depository Trust & Clearing Corporation

 

About DTCC

European Central Counterparty Ltd. (EuroCCP)

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For more than 35 years, DTCC's family of companies has helped automate, centralize, standardize and streamline processes that are critical to the safety and soundness of the capital markets.

European Central Counterparty Limited (EuroCCP) is a UK-incorporated, FSA-regulated Recognised Clearing House. It is the European subsidiary of The Depository Trust & Clearing Corporation (DTCC) and is headquartered in London. EuroCCP was formed to provide clearing and settlement services for a wide range of trading venues across Europe, offering the scale economies of the US market and risk management expertise to European market participants. It currently clears equity trades in 19 markets. EuroCCP provides pan-European central counterparty services for Turquoise, SmartPool, NYSE Arca Europe, Pipeline Financial Group Limited and Sigma-X MTF.

EuroCCP has the mandate from NASDAQ OMX Nordic Exchanges to provide competitive clearing for the stock exchanges of Copenhagen, Helsinki and Stockholm. EuroCCP has also been selected to clear for BATS Europe, Chi-X, UBS MTF and PAVE. EuroCCP has developed a capability to clear over-the-counter (OTC) European cash equities trades. It currently clears trades matched on the Omgeo CTM platform and has been mandated by SWIFT to provide a pan-European clearing for its Accord platform.

Market participants can trade equities on any venue EuroCCP supports and have their transactions netted for settlement and/or margin purposes for the same security traded on the same day, thereby reducing costs and operational risks.

An Introduction to DTCC Services and Capabilities

DTCC ensures the capacity, certainty and reliability required to clear and settle today's enormous trading volumes.

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For more information about EuroCCP, visit www.EuroCCP.co.uk
EuroCCP Service Offerings

For more information about EuroCCP, visit www.EuroCCP.co.uk

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DTCC's Transaction Statistics

In today's U.S. capital markets, billions of shares of securities change hands every day. In 2008, DTCC settled more than $1.88 quadrillion in securities transactions.

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