EuroCCP, owned by the Depository Trust & Clearing Corporation, is set to become the second clearing house on Nordic exchange Burgundy, in a further sign of the competition sweeping the European post-trade sector.

EuroCCP will next year become the second provider of clearing services to firms trading on Burgundy, in addition to the Holland-based EMCF. The appointment is subject to regulatory approval, EuroCCP said today. Burgundy has also signed an agreement to add Swiss exchange-owned clearing house Six x-clear to its platform and expects to go live with the additional two clearers in May.