Skip to main content

The Business of Clearing Cash Equities in Europe: Market Dynamics and Trends

  • Chapter
Bank Strategy, Governance and Ratings
  • 337 Accesses

Abstract

This chapter on European clearing houses aims to describe the current, unprecedented pace of change in this sector of the post-trading industry.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 39.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 54.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 54.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • BNP Paribas Securities Services (2009) European Trading and Clearing Framework. Celent (2008) The Code of Conduct: Competition in the European Post-Trade Infrastructure.

    Google Scholar 

  • Chan, D. (2010) ‘Interoperability: is it worth the effort?’, in Global Financial Strategy, May, 1(11), 12.

    Google Scholar 

  • EuroCCP (2008) The Clearing Industry in Europe: Cost Comparison (EuroCCP: London).

    Google Scholar 

  • EuroCCP (2010) Recommendations for Reducing Risk among Interoperating CCPs, January (EuroCCP: London).

    Google Scholar 

  • European Commission (2006) ‘Competition in EU securities trading and posttrading’, Issues Paper, May (European Commission: Brussels).

    Google Scholar 

  • European Commission (2009) The Code of Conduct on Clearing and Settlement: Three Years of Experience (European Commission: Brussels).

    Google Scholar 

  • FESE, EACH, ECSDA (2006) European Code of Conduct for Clearing and Settlement http://ec.europa.eu/internal_market/financial-markets/docs/code/code_en.pdf. Accessed 6th April 2011.

  • OXERA (2009) Monitoring prices, costs and volumes of trading and post-trading activities, 1–10, July, http://ec.europa.eu. Accessed on 6 April 2011.

  • Ripatti, K. (2004) ‘Central counterparty clearing: constructing a framework for evaluation of risks and benefits’, Bank of Finland, Discussion Papers, no. 30 (Bank of Finland: Helsinki).

    Google Scholar 

  • Russo, D., Hart, T., Malaguti, M.C. and Papathanassiou C. (2004) ‘Governance of securities clearing and settlement systems’, ECB, Occasional Paper Series, no. 21 (European Central bank: Frankfurt).

    Google Scholar 

  • Schwartz, R.A. (2010) Micro Markets. A Market Structure Approach to Microeconomic Analysis (John Wiley and Sons: New Jersey).

    Book  Google Scholar 

  • Tumpel-Gugerell, G. (2006) ‘Issues Related to Central Counterparty Clearing: Opening Remarks’, in Federal Reserve Bank of Chicago, Economic Perspectives, 30(4), 32–6.

    Google Scholar 

Download references

Authors

Editor information

Editors and Affiliations

Copyright information

© 2011 Giusy Chesini

About this chapter

Cite this chapter

Chesini, G. (2011). The Business of Clearing Cash Equities in Europe: Market Dynamics and Trends. In: Molyneux, P. (eds) Bank Strategy, Governance and Ratings. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, London. https://doi.org/10.1057/9780230313866_12

Download citation

Publish with us

Policies and ethics