Cboe Clear Europe Granted Approval to Launch Securities Financing Service
Cboe Clear Europe has exciting news to share! They have just received regulatory approval to clear European Securities Financing Transactions (SFTs). This unique service will focus on cash equities and ETFs, providing central clearing, settlement, and post-trade lifecycle management for lenders, participants, and borrowers. Settlements will take place across 19 European Central Securities Depositories (CSDs).
This approval aligns with key regulatory requirements like EMIR, CSDR, and SFTR, boosting transparency and market integrity while enhancing the competitiveness of European capital markets. Vikesh Patel, President of Cboe Clear Europe, expressed his excitement about this milestone, highlighting their commitment to delivering innovative and robust clearing solutions across various asset classes in Europe. Their goal is to support clients’ changing needs and strengthen the resilience of financial markets.
By streamlining the current bilateral process between securities lenders and borrowers, this service aims to improve efficiency for European market participants and contribute to the growth of the region’s capital markets. Cboe Clear Europe is dedicated to providing cutting-edge services that benefit both their clients and the broader financial community.
