Knight Capital Europe has entered an agreement with JP Morgan Worldwide Securities Services, Finextra reports. JP Morgan’s GlobeClear business will provide clearing and settlement services for Knight Capital when executing trades on Pipeline’s Block Board, the pan-European multilateral trading facility for equity blocks.
With the latest addition, GlobeClear now supports around 60 OTC and 50 trading venues. GlobeClear offers clearing and settlement agency services covering all fixed income and equity securities for banks, brokers and hedge funds that trade globally.
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