Nasdaq OMX Selects Fortis Subsidiary EMCF to Handle its Pan-European Market Clearing
At 29 May 2008 08:59:31 in MM-Clearing & Settlement, MM-News in Brief, MiFIDMonitor.com
Nasdaq OMX Group has selected European Multilateral Clearing Facility (EMCF), a wholly owned Fortis subsidiary, to deliver clearing services for the Nasdaq OMX Pan European Market (MiFID Monitor, March 2008). Settlement will be handled domestically on the Pan-European Market. All trades will settle in the underlying domestic settlement system and accordingly will have settlement fungibility with trades on the primary market.




