EuroCCP clearing Oslo Børs trades from 1 November 2018

EuroCCP is delighted to announce that regulatory approval has been obtained to provide clearing services for trades executed on Oslo Børs from 1 November 2018.

This will be a fully interoperable service for shares, equity certificates and exchange traded funds traded on Oslo Børs.

Since its inception, EuroCCP has been an advocate of open access for the benefit of clearing and trading participants alike.  With the introduction of EuroCCP as the third CCP for Oslo Børs, clearing services will become even more efficient by reducing post trade costs, increasing cross-venue netting opportunities and optimising operational processes.

We would refer you to Oslo Børs Delta News, which provides further information on this announcement.

EuroCCP’s test environment is available to clearing participants that may wish to undertake testing through Oslo Børs’ test environment.

Clearing Participants wishing to clear trades executed on Oslo Børs with EuroCCP should:-

  • Advise EuroCCP’s Relationship Management team of their implementation plans and intended go-live date, so that the necessary arrangements can be made.
  • Complete the Oslo Børs Statement of Authority .
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Oslo Børs SoA

Version October 2018

Oslo Børs technical go-live

Following EuroCCP’s newsflash dated 9 May 2018 regarding client testing arrangements for Oslo Børs, we are pleased to provide further details regarding the technical go-live date.

As from Monday 28 May 2018, the technical arrangements to enable EuroCCP to receive trade flow will be implemented by Oslo Børs. The go-live date for client on boarding is anticipated during Q2 2018, subject to regulatory approval, which will be confirmed in due course.

Further details regarding client testing and on boarding can be found on EuroCCP’s website and we would also refer you to Oslo Børs Delta News, which provides information regarding the technical go-live for EuroCCP as a central counterpart at Oslo Børs.

Oslo Børs client testing

Following EuroCCP’s newsflash dated 13 February 2018 regarding Oslo Børs developments, we are pleased to provide further details regarding client testing.

As from Monday 14 May 2018, EuroCCP’s client test environment will be available for clients to test trades executed in Oslo Børs ‘ test environment.

Clearing Participants who may wish to consolidate their Oslo Børs activity with EuroCCP and benefit from cross-platform netting, are advised  to arrange their testing requirements with EuroCCP and Oslo Børs.

A go-live date for the clearing of Oslo Børs trades by EuroCCP is anticipated during Q2 2018, subject to regulatory approval, which will be confirmed in due course.

Testing with Oslo Børs and EuroCCP

To set up testing requirements with Oslo Børs and EuroCCP, the following must be arranged:-

  • Trading firms wishing to test trades executed on Oslo Børs with EuroCCP, must liaise with their Clearing Participant and advise Oslo Børs of their intention via email to enablement@oslobors.no and their Oslo Børs account manager.
  • Clearing Participants wishing to test EuroCCP’s service offering for Oslo Børs must contact EuroCCP Client Testing at clienttesting@euroccp.com.

Once all test details are received, EuroCCP will coordinate with Oslo Børs to ensure that both test environments are configured accordingly.

A list of ISIN codes will be agreed with each client for testing purposes, in order to ensure a smooth and successful test.

Further details can be found on EuroCCP’s webpage and Oslo Børs Delta News.

Progress with Oslo Børs trade feed access

EuroCCP is pleased to advise you of the recent developments with the request for a trade feed from Oslo Børs.

Following the request in December 2017, in accordance with the provisions of MiFIR article 36, Oslo Børs has now provided an update to its market participants, as follows:-.

  • Oslo Børs has acknowledged EuroCCP’s access request.
  • Although the access request has yet to be formally approved, EuroCCP will have access to the Oslo Børs test environment from February 2018, and clearing participants will be advised of test dates as soon as the testing environment is available.
  • Following formal approval, a go-live is expected during Q2 2018.

Since its inception, EuroCCP has been an advocate of open access for the benefit of clearing and trading participants alike.  In addition, further requests for trade feed access have been submitted to other exchanges.

With the introduction of competition in these markets, clearing services will become more efficient whilst reducing post trade costs, as evidenced in those markets which already offer competitive clearing arrangements.