Nomura becomes Direct Clearing Member of CC&G

Nomura becomes Direct Clearing Member of CC&G

·        Nomura to be GCM for equity derivatives traded on IDEM

Cassa di Compensazione e Garanzia (CC&G), a leading provider of clearing and settlement services today announces that Nomura Holdings Inc. has become a General Clearing Member (GCM) for IDEM, Borsa Italiana’s equity derivatives market.

As a GCM, Nomura will be able to offer to clear contracts traded on IDEM on behalf of its global customers in addition to assuming direct control of its own clearing activities through the platform.

Paolo Cittadini, CEO of CC&G said:
“We are thrilled to welcome Nomura Holdings as a General Clearing Member of CC&G. Nomura are a respected and influential financial institution and we are pleased that they have chosen CC&G to help support their global business operations through the provision of secure, efficient clearing services”.

Michelle Neal Global Head of Electronic Markets, Futures and Derivates Clearing at Nomura Holdings said:
“We are delighted to join CC&G as a General Clearing Member. We look forward to being able to offer our clients the ability to clear contracts on their behalf enabling them to benefit from the increased efficiencies that CC&G provides.”

IDEM is Italy’s leading equity derivatives platform and the third largest in Europe. IDEM provides members with access to futures, mini-futures and options on the S&P/MIB Index as well as futures and options on single stocks.

CC&G, part of London Stock Exchange Group, acts as Central Counterparty for IDEM as well as other Borsa Italiana markets providing a comprehensive choice of clearing services for the elimination of counterparty risk. There are currently over 70 GCM’s attached to CC&G worldwide.

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Cassa di Compensazione e Garanzia S.p.A. (CC&G)
Cassa di Compensazione e Garanzia provides Central Counterparty services to multiple trading venues in a broad range asset classes including equities, ETFs, derivatives, closed-end funds and bonds. Wholly owned by the international diversified exchange business, London Stock Exchange Group, CC&G has an international client base of more than 150 clearing and non-clearing members from 10 European countries. CC&G provides clearing services for Group businesses including Borsa Italiana, IDEM and EDX London.

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