The European Multilateral Clearing Facility (EMCF) is signing interoperability agreements with Chi-X Europe, BATS Europe and NASDAQ OMX. The EMCF is looking to launch the interoperability arrangements by January, conditional on regulatory approval.
The EMCF will also unveil a new fee schedule, cutting fees by more than 50% for large participants. The fee schedule will introduce banded pricing with competitive fees in all bands.
Click here for the release from European Multilateral Clearing Facility.