Trading

European clearing house considers UK entity for worst-case Brexit

EuroCCP chief says the clearing house cannot wait for the outcome of negotiations between the EU and UK to act

European clearing house considers UK entity for worst-case Brexit
Photo: iStockphoto

EuroCCP, the Amsterdam-based equities clearing house owned by five major banks and exchanges, is considering setting up an entity in London in order to prepare for the worst-case Brexit scenario.

The company, which was formed through a merger of European Multilateral Clearing Facility and European Central Counterparty, is one of the critical pieces of infrastructure in the market for trading shares.

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