EuroCCP has rebranded to Cboe Clear Europe following its acquisition by Cboe in 2020.
“Cboe’s acquisition has already enabled a step-change in our business, and we feel now is the right time to rebrand as Cboe Clear Europe as we pursue continued growth,” interim president and chief operating officer of Cboe Clear Europe Arnoud Siegmann said.
Cboe Clear Europe provides clearing services for European cash equities for 47 venues and so-called preferred clearing where both sides of a trade select an alternate clearing house that is not the primary one for the exchange.
READCapacity crunch looms as pensions, small firms face clearing hurdle — here’s the impact on markets
For preferred clearing, the clearing house said trade volumes hit 40.5 million for the year to 31 October, up from 9.1 million for the same period in 2021.
“We are excited to bring the Cboe name to EuroCCP and unify our European businesses from a branding perspective, said Natan Tiefenbrun, president of Cboe Europe. “Cboe Clear Europe and its team have helped to drive significant post-trade efficiencies in European equity markets.”
Cboe Clear Europe remains independent with a separate governance structure from the rest of the group — a regulatory requirement for all clearing houses run by exchanges.
To contact the author of this story with feedback or news, email Jeremy Chan