The deal would see Euronext acquiring a 20% stake in EuroCCP for €14.0 million.
Euronext, Europe’s largest Exchange , has entered into exclusive talks to acquire a sizable stake in EuroCCP, a Central Counterparty (CCP) for pan-European equity markets, for a sum of $15.9 million (€14.0 million), according to a Euronext statement.
The new world of Online Trading, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
The deal would see Euronext acquiring a 20% stake in EuroCCP, which would include contribution to regulatory capital, pending customary closing adjustments and requisite regulatory approval. As a leader in pan-European equity markets, the partial acquisition of EuroCCP would ultimately facilitate additional clearing and settlement capabilities for Euronext, and will help allow existing clients to benefit from significant operational and cost efficiencies.
Per the acquisition, Euronext will also offer several options in clearing within the Eurozone through the adoption of a preferred CCP model across its diverse equity markets. It is worth noting that the 20% stake in EuroCCP will be shared by Euronext, ABN Amro Clearing Bank, Bats Europe, The Depository Trust & Clearing Corporation (DTCC), and Nasdaq.
In addition, Euronext will also be launching a Preferred Clearing service in tandem with the deal, in a bid to help provide trading participants additional CCPs. Market participants will be able to select EuroCCP as their CCP.
According to Stéphane Boujnah, Chairman and Chief Executive Officer (CEO) of the Managing Board of Euronext NV., in a recent statement on the acquisition: “Our investment in EuroCCP and the implementation of a preferred CCP model will ensure the long-term delivery of clearing choice for our diverse range of equity clients. It further reduces the frictional costs of trading on our equity markets.”
“This is a step forward in our commitment to offer optionality to all our clients in the Eurozone and to power pan-European capital markets to finance the real economy,” Boujnah added.
“Sustaining competition in clearing has long been our goal at EuroCCP and we are delighted that Euronext joins us in this vision as a strategic investor and service partner. We look forward to working closely with them on the roll-out of their preferred clearing model”, reiterated Jan Bart de Boer, Chairman of the Supervisory Board of EuroCCP and Chief Commercial Officer, ABN AMRO Clearing, in an accompanying statement.
Euronext, Europe’s largest Exchange , has entered into exclusive talks to acquire a sizable stake in EuroCCP, a Central Counterparty (CCP) for pan-European equity markets, for a sum of $15.9 million (€14.0 million), according to a Euronext statement.
The new world of Online Trading, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
The deal would see Euronext acquiring a 20% stake in EuroCCP, which would include contribution to regulatory capital, pending customary closing adjustments and requisite regulatory approval. As a leader in pan-European equity markets, the partial acquisition of EuroCCP would ultimately facilitate additional clearing and settlement capabilities for Euronext, and will help allow existing clients to benefit from significant operational and cost efficiencies.
Per the acquisition, Euronext will also offer several options in clearing within the Eurozone through the adoption of a preferred CCP model across its diverse equity markets. It is worth noting that the 20% stake in EuroCCP will be shared by Euronext, ABN Amro Clearing Bank, Bats Europe, The Depository Trust & Clearing Corporation (DTCC), and Nasdaq.
In addition, Euronext will also be launching a Preferred Clearing service in tandem with the deal, in a bid to help provide trading participants additional CCPs. Market participants will be able to select EuroCCP as their CCP.
According to Stéphane Boujnah, Chairman and Chief Executive Officer (CEO) of the Managing Board of Euronext NV., in a recent statement on the acquisition: “Our investment in EuroCCP and the implementation of a preferred CCP model will ensure the long-term delivery of clearing choice for our diverse range of equity clients. It further reduces the frictional costs of trading on our equity markets.”
“This is a step forward in our commitment to offer optionality to all our clients in the Eurozone and to power pan-European capital markets to finance the real economy,” Boujnah added.
“Sustaining competition in clearing has long been our goal at EuroCCP and we are delighted that Euronext joins us in this vision as a strategic investor and service partner. We look forward to working closely with them on the roll-out of their preferred clearing model”, reiterated Jan Bart de Boer, Chairman of the Supervisory Board of EuroCCP and Chief Commercial Officer, ABN AMRO Clearing, in an accompanying statement.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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