EuroCCP Rebranded to Cboe Clear Europe

EuroCCP, a leading pan-European clearing house and subsidiary of Cboe Global Markets, Inc. announced it has rebranded to Cboe Clear Europe with immediate effect.  Cboe acquired EuroCCP on July 1, 2020, bringing together two companies that have long championed competition, open access and clearing interoperability in Europe. Under Cboe’s ownership, Cboe Clear Europe has enhanced its position as the leading pan-European cash equities clearing house, by expanding the number of venues it provides clearing services to from 37 to 47, which provides it with access to approximately 95 per cent of all European equity trades. In addition to its leading position clearing for venues that allow interoperable clearing, it has also seen strong growth in preferred clearing, which is used on venues that do not support true clearing interoperability and allows Cboe Clear Europe to clear a trade provided that both counterparties have elected it as their preferred clearing provider. Cboe Clear Europe’s volumes for this service were 40.5 million in the 10 months ended October 31, 2022, compared with 9.1 million in 2021, helping its clients to achieve significant transactional cost savings by allowing them to consolidate more of their pan-European equities clearing activities at a single provider.