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Turquoise Picks DTCC, Citi’s GTS to Provide Clearing, Settlement Services for Planned MTF

At 01 Apr 2007 08:39:50 in MM-Multilateral Trading Facilities, MiFIDMonitor.com    Print Article  Email Article   Full content requires subscription 

With the Project Boat initiative to build a pan-European trade-reporting utility having hogged the MiFID limelight these past few months, April seems to have heralded the turn of similarly backed Project Turquoise. The aspiring pan-European trading platform – or multilateral trading facility (MTF) in MiFID parlance – has made its first (public) concrete steps in naming the Depository Trust & Clearing Corp.’s EuroCCP unit as its provider of clearing and settlement services, in partnership with Turquoise consortium member Citigroup’s Global Transaction Services unit.



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