ICAP Routes €212 Billion Notional Equity Baskets into Bats Europe’s ETR
Posted: Mon Jul 18, 2016 10:32 am
ICAP plc, a markets operator and provider of post trade risk mitigation and information services, and Bats Europe, Europe’s largest stock exchange, have announced that following the launch of ICAP’s cleared equity basket solution in April 2015, over €212 billion of notional trades have been routed through the Bats Exchange Trade Reporting (ETR) service for clearing during the financial year ended 30 June 2016.
The service enables cash equity baskets to be traded anonymously on-exchange and cleared while deepening liquidity.
ICAP and Bats developed the solution to solve over-the-counter (OTC) market issues surrounding the trading of European index Exchange for Physical (EFP). ... (read more)