U.S.-headquartered Nasdaq OMX Group is planning to introduce two new clearinghouses to its northern European market, Financial News reports. The exchange is looking to shift to the “interoperability” model by April, allowing users a three-way clearing choice.
Nasdaq will provide its Nordic markets customers to clear through EuroCCP and Swiss exchange-owned Six x-clear in addition to its current clearing option, the ABN Amro-owned European Multilateral Clearing Facility. The move is subject to regulatory approval.
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