EuroCCP, the pan-European cash equities clearing house, has signed a deal with Plataforma Alternativa de Valores Españoles (PAVE) to provide clearing for the planned new Spanish trading platform. The PAVE trading platform intends to provide liquid, ultra-fast and secure international trading of Spanish securities.

PAVE, which may become operational in the second half of 2011, will be Spain’s first alternative trading platform. EuroCCP, which is the European clearing subsidiary of the Depository Trust & Clearing Corporation, currently clears trades in over 4,000 securities.

Click here for the release from EuroCCP.