{"id":20218,"date":"2019-09-05T11:42:18","date_gmt":"2019-09-05T10:42:18","guid":{"rendered":"http:\/\/starthostunlimiteddmffassi-ss.stackstaging.com\/etfworld.co.uk\/?p=20218"},"modified":"2020-05-12T10:56:16","modified_gmt":"2020-05-12T09:56:16","slug":"tradeweb-announces-central-counterparty-clearing-for-european-etfs","status":"publish","type":"post","link":"https:\/\/www.etfworld.com\/co.uk\/tradeweb-announces-central-counterparty-clearing-for-european-etfs\/","title":{"rendered":"Tradeweb Announces Central Counterparty Clearing for European ETFs"},"content":{"rendered":"
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Tradeweb Announces Central Counterparty Clearing for European ETFs in Partnership with EuroCCP….<\/p>\n

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Sign up to our free newsletters<\/strong><\/a><\/p>\n
\n<\/section>\n
Enrico Bruni, head of Europe and Asia business at Tradeweb<\/strong><\/section>\n
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Tradeweb Markets Inc. today announced a strategic collaboration to facilitate central counterparty clearing for European Exchange Traded Funds (ETFs).<\/p>\n

This collaboration will help streamline European clients\u2019 settlement process and minimise costs, by facilitating pre-settle margin and netting of exposures — while still offering pan-European ETF investors the transparency and benefits afforded by the RFQ process.<\/p>\n

\u201cBy offering our clients the ability to centrally clear European ETF trades, we are enhancing the RFQ workflow by introducing a new post-trade process to help investors minimise settlement fails and improve efficiency,\u201d said Enrico Bruni, head of Europe and Asia business at Tradeweb. \u201c<\/strong>As a leader in the ETF marketplace, we remain fully committed to innovative client solutions, and we are excited about this new initiative.\u201d<\/p>\n

With regulators aiming to harmonise rules under the European Central Securities Depositories Regulation (CSDR), market participants will soon be subject to new Settlement Discipline procedures, including cash penalties for settlement fails and mandatory buy-ins. By offering access to central clearing and settlement services via EuroCCP within the trading workflow, Tradeweb will help clients navigate these new rules and mitigate counterparty risk for clearing participants.<\/p>\n

\"Nagel<\/a><\/p>\n

C\u00e9cile Nagel, CEO, EuroCCP said:<\/strong> \u201cOur partnership with Tradeweb allows us to expand our ETF clearing business, delivering a new and innovative service to clients which helps them to better manage the cost and risk of trading this asset class.\u201d<\/p>\n

\u201cIntroducing CCPs to ETF trading on Tradeweb\u2019s RFQ platforms is an important market structure enhancement, improving the clearing, settlement and utility of ETFs,\u201d said Jason Warr, Head of Global Markets at BlackRock iShares.<\/strong><\/p>\n

Tradeweb launched its European ETF trading platform in 2012 and its U.S. ETF trading platform in 2016. In August 2019, Tradeweb announced July trade volumes in European ETFs had risen by 55.2% Y-O-Y to reach a record figure of $1.5bn per day. As of June 30, 2019, over 60% of European ETF transactions were processed via Tradeweb’s Automated Intelligent Execution Tool (AiEX).<\/p>\n

Source: ETFWorld.co.uk<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Tradeweb Announces Central Counterparty Clearing for European ETFs in Partnership with EuroCCP….<\/p>\n","protected":false},"author":4,"featured_media":20220,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"telegram_tosend":false,"telegram_tosend_message":"","telegram_tosend_target":0,"footnotes":"","_wpscp_schedule_draft_date":"","_wpscp_schedule_republish_date":"","_wpscppro_advance_schedule":false,"_wpscppro_advance_schedule_date":"","_wpscppro_dont_share_socialmedia":false,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[19],"tags":[97,203],"class_list":["post-20218","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-etf-lse","tag-etf","tag-tradeweb"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"_links":{"self":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/20218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/comments?post=20218"}],"version-history":[{"count":4,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/20218\/revisions"}],"predecessor-version":[{"id":20224,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/20218\/revisions\/20224"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/media\/20220"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/media?parent=20218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/categories?post=20218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/tags?post=20218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}