EuroCCP

Turquoise, together with EuroCCP who has partnered with Citigroup's Global Transaction Services business as its settlement agent, has delivered a pan-European trading facility together with a single pan-European approach to clearing and settlement. This has allowed Turquoise and EuroCCP to deliver a substantial reduction in the costs of clearing and settling equity trades.

EuroCCP is currently providing Turquoise participants with an efficient, STP process for the clearing and settlement of trading across fifteen European markets.

Interoperability

The introduction of a choice of central counterparty is intended to provide more flexibility for participants and to ensure that central counterparty services are of the highest quality and are delivered at the lowest price through open competition between central counterparties (CCPs).

Turquoise is currently managing an interoperability project in collaboration with four CCPs: EuroCCP, x-clear, LCH.Clearnet and CC&G. On achieving the success criteria for each project, Participants will be able to request changes to their choice of CCP.

General Clearing Paricipants

View the latest list of General Clearing Participants here.