The role of open access in clearing
FOW publish an article quoting Martin Pluves, CEO, LCH.Clearnet Ltd.
"Europe stands on the threshold of a more transparent and competitive landscape. It’s a grand vision that’s been in the making for many years, but its success depends on regulators’ commitment to implementing all aspects of MiFID II. Open Access – between trading venues and clearing houses – strikes at the heart of these rules, but it’s more than a matter of regulatory policy.
We see it as an approach that brings choice and economic benefits to customers, encouraging innovation and preventing reliance on vertical silo market infrastructure."
Read the article (subscription required)