Tradeweb Partners with EuroCCP, Providing CCP for Europe ETFs

Tradeweb Markets Inc, announced this Thursday that it has partnered with equities clearing house EuroCCP to facilitate central counterparty clearing for European Exchange Traded Funds (ETFs).

Tradeweb Markets is a global operator of electronic marketplaces for rates, credit, equities, and money markets. The collaboration with EuroCCP will help the company streamline the settlement process for its European clients, as well as reduce costs, the statement said.

The partnership between Tradeweb and EuroCCP comes at a time when regulators are trying to increasingly harmonize under the European Central Securities Depositories Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term (CSDR).

Because of this, new Settlement Discipline procedures will need to be followed, which market participants will be subject to. These changes include cash penalties for settlement fails and mandatory buy-ins.

EuroCCP partnership to help Tradeweb support its clients

By collaborating with EuroCCP, Tradeweb will be able to better help its clients navigate these new rules as well as mitigate counterparty risk for clearing participants, the company said.

Commenting on the partnership, Enrico Bruni, head of Europe and Asia business at Tradeweb said: “By offering our clients the ability to centrally clear European ETF trades, we are enhancing the RFQ workflow by introducing a new post-trade process to help investors minimise settlement fails and improve efficiency. As a leader in the ETF marketplace, we remain fully committed to innovative client solutions, and we are excited about this new initiative.”

Tradeweb has been operating its European ETF Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term since 2012 and its US platform since 2016. During the month of July, the company reported a recorded an average daily trading volume of $1.5 billion per day for European ETFs. This is higher by 55.2 percent year-on-year.

“Our partnership with Tradeweb allows us to expand our ETF clearing business, delivering a new and innovative service to clients which helps them to better manage the cost and risk of trading this asset class,” added Cécile Nagel, CEO, EuroCCP.