Four European clearing houses for share trading will introduce a public consultation on connecting with each other in the second quarter to reduce costs for users, Reuters reports. The four central counterparties (CCPs) are LCH.Clearnet, EMCF, X-Clear and EuroCCP. The clearing houses will consult on new rules that regulators from U.K., the Netherlands and Switzerland require them to introduce. The new rules, including the establishment of an inter-CCP margin fund, will ensure that additional risks from clearing houses linking up with each other are covered.
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