Cboe Adds Support to Launch of SFT Clearing in Europe

Cboe Clear Europe, Cboe’s Amsterdam-based pan-European clearing house, announced that it has secured the support of additional participants to support the launch of its Central Counterparty (CCP) clearing service for securities financing transactions (SFTs). Bank of America and State Street have committed to supporting the service from launch, which is expected during Q3 2024, subject to regulatory approvals. Their commitment brings the total number of launch participants for the SFT clearing service to nine, comprising a broad range of key market participants, including banks, clearing firms, asset managers and custodians.