First Live Trade Executed on Omgeo/EuroCPP Matching and Central Counterparty Service
Omgeo and EuroCCP announced today their new pan-European equities matching and central counterparty clearing (CCP) service for hedge fund transactions has executed a live trade between Credit Suisse, acting as prime and executing broker, and hedge fund manager Citadel.
The combined clearing service allows executing brokers and prime brokers to clear hedge fund transactions, and will streamline the processing flow and mitigate the counterparty risks associated with these types of institutional
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