Euronext Liffe has acquired OTC front end trading system
C-Screen in a bid to attract OTC equity derivatives business
onto the exchange. C-Screen was bought from Nordic software
firm Cinnober for an undisclosed amount with ongoing contracts
to build and maintain an STP system and to replace Liffe's
existing equities OTC post trade matching and
Liffe's contract with C-Screen involves the technology firm
providing a three-fold system, including C-Screen itself,
Cinnober's pre-trade price-discovery platform and a secure STP
The second of these will allow users to post and respond to
indications of interest in wholesale equity derivatives. The
STP link will enable users to book their transactions via
either a cleared service - an on-exchange, administration and
clearing service for wholesale transactions, or an OTC
post-trade matching service - or an off-exchange post trade
matching service offering both affirmation and confirmation for
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