UBS MTF is looking to provide four-way interoperability of central counterparties (CCPs) for cash equity trades executed on the multilateral trading facility, Mondovisione reports. The MTF, operated by UBS, is considering widening its selection by adding EMCF and LCH Clearnet.
This will enable UBS MTF members to choose between the four interoperating CCPs when clearing and settling their trades in European cash equities. Currently, UBS MTF offers two interoperating CCPs, EuroCCP and SIX x-clear.
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