US exchange Nasdaq is planning to establish a user-controlled European central counterparty (CCP) for Easdaq, the Brussels-based pan-European stock exchange in which it has a majority share. The arrangement is being made with the US’ Depository Trust & Clearing Corporation (DTCC), the clearing and settlement group that provides a similar platform for Nasdaq in the US. The move comes at a time when other European exchanges are setting up their own central counterparties. Deutsche ...
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