Five global banks have signed up to EuroCCP, the European clearing house on BATS Europe and UBS MTF. BofA Merrill Lynch, Credit Suisse, Morgan Stanley and Nomura will use EuroCCP on the BATS Europe platform, while Citigroup will use EuroCCP to clear business conducted on UBS MTF.

The BATS Europe preferred interoperable clearing service will allow trading firms to select a preferred central counterparty (CCP) to clear their trades. UBS MTF, the fully interoperable execution venue, will allow trading firms to choose EuroCCP to clear cash equities trades as it interoperates with the incumbent CCP.

Click here for the release from EuroCCP.