EuroCCP and Turquoise will launch a new service to take advantage of recent reforms in the clearing and settlement of trades in Spanish equities and cut costs for investors. From May 3, 2011, the EuroCCP settlement fee for Spanish securities and the clearing fee will be reduced. Turquoise will offer a three month pricing promotion for trading Spanish stocks on its Integrated Order Book or until daily consideration touches €100 million. The new service provided by EuroCCP with Turquoise will lower the operational costs of trading Spanish equities on Turquoise.
Click here for the release from EuroCCP.