EuroCCP to provide post trade services to Instinet’s BlockMatch MTF

EuroCCP is pleased to announce that it will provide clearing services to BlockMatch, a Multilateral Trading Facility operated by Instinet Europe Limited.  From Thursday 21 December, EuroCCP will clear transactions executed on BlockMatch and settle these across all of EuroCCP’s current settlement locations.

Trading and clearing participants that have appointed EuroCCP as their clearing house of choice, have access to the most comprehensive platform and market connectivity in Europe.  Trade flow consolidation and cross-platform netting the transactions executed on these platforms leads to the most efficient way of streamlining cash equity clearing flow, thus providing benefits in risk management and clearing costs, together with optimised settlement and fails management.