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EuroCCP To Clear Spanish Stocks

EuroCCP, the pan-European cash equities clearing house, has rolled out a new service for the clearing of Spanish stocks.

EuroCCP, the pan-European cash equities clearing house, has rolled out a new service for the clearing of Spanish stocks, Finextra reports. The new clearing service was initially launched on May 3,2011.

The service was set up following reforms, known as Title V, facilitating the trading of Spanish stocks on multilateral trading facilities (MTFs). The Spanish market reforms will allow NYSE Euronext’s members to benefit from lower costs when trading in Spanish securities on its MTF platforms.

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