The Chicago Mercantile Exchange (CME) Group has chosen globeSettle as a collateral location venue for its central counterparty (CCP), CME Clearing Europe.
Operated by the London Stock Exchange Group (LSEG), globeSettle is a central securities depository (CSD) that will act as an additional option for CME Clearing Europe's clients to place collateral for trades, in line with European regulations. The organization is the third such CCP to select globeSettle.
"We are delighted that CME Clearing Europe has selected globeSettle as a collateral location venue," says Andrea Tranquillini, MD, business development at globeSettle. "The appointment is further evidence of LSEG's open-access model, where CCPs, brokers, clearing members and collateral providers can meet margin requirements in an efficient settlement and custody environment."
Jesse Lund talks about real uses for DLT in the capital markets, lessons learned while rolling out IBM's blockchain platform, and what’s ahead for 2018, and into 2019.Subscribe to Weekly Wrap emails