NO 248 – OCTOBER 2013

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WFE Focus
Post trade

Clearstream and Dubai Commodities Clearing to cooperate in collateral management

Clearstream and the Dubai Commodities Clearing Corporation, the central counterparty of the Dubai Gold & Commodities Exchange, have agreed to cooperate on collateral management for CCP margining. The Middle Eastern CCP will join Clearstream’s extensive central counterparty network by connecting to the company’s integrated collateral management environment, the Global Liquidity Hub, by the end of the first quarter of 2014.

Eurex Clearing to act as CCP for SL-x

Eurex Clearing will act and SL-x Trading Europe, the new securities borrowing and lending venue in Europe, have signed an agreement whereby Eurex Clearing will act as clearing house for securities borrowing and lending (SBL) transactions executed via SL-x’s electronic trading platform, due to be launched in the fourth quarter of 2013 in 17 European equity markets.

Hellenic Exchanges to provide clearing services to Romanian derivatives market

The HELEX Group will provide clearing services to the Romanian Derivatives Exchange SIBEX (Sibiu Stock Exchange) in the framework of the new environment taking shape in accordance with EMIR (European Market Infrastructure Regulation). It will also support the technological upgrade of new projects of the Exchange. This cooperation aims to develop new products and services to participants in the two markets, and reduce operating costs by taking advantage of the economies of scale that a single, technological and regulatory framework of operation will provide to the two markets.

ICE Clear Europe launches European CDS client clearing

ICE Clear Europe, a subsidiary of IntercontinentalExchange, has introduced client clearing for European credit default swaps on 7 October 2013 with five clients actively clearing trades.

NYSE Liffe expands Bclear Universal Stock Futures to Canadian and South African stocks

NYSE Liffe has introduced Universal Stock Futures on Canadian and South African stocks on Bclear, the Exchange’s trade administration and clearing service. The geographical expansion of the Bclear product range will enhance the diversity of company underlyings available to the Exchange’s customers, with the possibility to trade futures on over 1,250 large and mid-cap stocks denominated in 12 currencies.