Broker has delivered a new model for equity index EFP with Bats Chi-X
Icap, the British broker, said it may work
with other exchanges to offer trading services in different
asset classes after launching a new model of trading equity
index exchange for physicals that can dramatically cut the
credit risk of using these products.
The world’s largest
inter-dealer broker said it started using last month a new
service in conjunction with stock market Bats Chi-X Europe
whereby the physical leg of the EFP is cleared through one of
three European clearing houses.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.