Leading securities firms in Europe have strongly opposed Deutsche Börse’s decision to reject Euroclear’s bid for the German exchange’s stake in Clearstream, the international central securities depository (ICSD) that provides clearing and settlement for bonds and equities in Europe. Many securities firms saw a merger of Euroclear and Clearstream as a highly desirable move towards creating the infrastructure of a true European securities market. For securities dealers, operating in a series of national markets has been costly and inefficient because of a lack of integration of clearing and settlement systems.
| View graph. | ||||||
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
