Knight Capital Europe has chosen the GlobeClear business of JP Morgan Worldwide Securities Services to provide clearing and settlement services. Knight Capital will use GlobeClear when executing trades on UBS MTF, the pan-European equities trading venue.
GlobeClear will allow members to connect easily to the equities venue through a major GCM, accessing matching of multi-country shares spanning blue chips to small caps and ETFs. GlobeClear, which supports over 50 trading venues, provides access to the major European exchanges and MTFs.
Click here for the release from JP Morgan.