What We Clear

EquityClear is an all-in-one solution for cash equities and cash equity equivalents clearing

Cash Equities at EquityClear

Cash equities are the lifeblood of EquityClear – they are at the heart of our entire service offering.

Regardless of the type of trading venue where you are executing your equity trades, you’ll be able to clear them with us. These platforms include:

  • Recognised Investment Exchanges (RIEs)
  • Multilateral Trading Facilities (MTFs)
  • Over-the-Counter Matching Services

In addition, trades originating within or outside of an order book are eligible to clear on the platform.

Cash Equity Equivalents

Complementing our cash equities clearing services, EquityClear also offers a comprehensive suite of clearing options for cash equity equivalent instruments. These products include:

  • Exchange Traded Funds (ETFs)
  • Exchange Traded Commodities (ETCs)
  • Depositary Receipts
EquityClear Venues

EquityClear offers clearing services for cash equities and/or cash equities equivalents executed on an extensive number of trading venues.

You can find information on EquityClear eligible execution venues, and the products we clear on our service below:

Aquis UK and Aquis Europe

EquityClear offers clearing services to members of Aquis Exchange, which is set to transform the European trading landscape by its introduction of subscription pricing and innovative order types. 

BlockMatch MTF

BlockMatch® is a Multilateral Trading Facility, operated by Instinet Europe Limited, which is authorised and regulated by the UK Financial Conduct Authority, pursuant to the Regulation on Markets in Financial Instruments (600/2014) and the Directive on Markets in Financial Instruments (2014/65/EU) (“MiFID II”).   BlockMatch Central Limit Order Book, operates at the Midpoint Reference Price within the current bid and offer prices or when the price is not available, the opening or closing price of the Market of Reference.

Borsa Italiana

EquityClear Ltd offers preferred clearing services for trades executed on Mercato Telematico Azionario, ETFplus Market and Borsa Italiana Equity MTF.

Cboe Europe Equities (formally known as BATS Europe and operator of BATS and Chi-x order books)

EquityClear Ltd offers interoperable clearing services for Cboe, the pan-European equity trading platform, across 19 countries.

Equiduct

Equiduct Trading provides a MiFID compliant, integrated pan-European single point of connectivity for trading services through the Regulated Market operated by Börse Berlin.

EquityClear Ltd clears cash equities from Equiduct for the following markets: Denmark; Finland; Germany; Italy; Spain, Sweden; Switzerland and United Kingdom.

London Stock Exchange (LSE SETS, LSE IOB, LSE IET)

EquityClear Ltd provides clearing services for all order book trades in stocks, ETFs and ETCs on the London Stock Exchange (LSE), with coverage across SETS, SETSqx and AIM securities. All trades executed on SETS settle in Euroclear UK & Ireland and all trades executed on IOB and IET settle in Euroclear Bank.  Products acceptable for clearing are:

Single company cash equities and equivalents such as:

  • Exchange traded funds (ETFs)
  • Exchange traded commodities (ETCs)
  • Depositary Receipts

 

Morgan Stanley MTF

Morgan Stanley MTF offers its trading participants the ability to access the Morgan Stanley liquidity source for trading Pan European equity and equity like instruments.

NASDAQ

LCH Ltd offers interoperable clearing services for cash equity trades executed on Nasdaq Copenhagen, Nasdaq Stockholm, Nasdaq Helsinki and Nasdaq First North.

Oslo Bors

EquityClear Ltd offers interoperable clearing services for cash equity trades executed on Oslo Bors and Oslo Axess. Products acceptable for clearing are:

Single company cash equities

Sigma X MTF

EquityClear Ltd provides clearing services to Sigma X MTF, Goldman Sachs’ multilateral trading facility. 

SIX Swiss Exchange

EquityClear Ltd provides clearing services for order book, off-order book, block trades and European equity traded securities on the SIX Swiss Exchange. Products acceptable for clearing are:

Single company cash equities and equivalents such as:

Exchange traded funds (ETFs)
Exchange traded commodities (ETC)

All trades settle in SIS

Traiana

EquityClear offers members clearing of OTC equity trades from the Traiana Harmony CCP Connect for Equities service, a trade matching service for OTC business. Such trades will include equity contract for difference (CFD) related hedging trades.

Turquoise

EquityClear Ltd offers interoperable clearing services for Turquoise, the independent pan-European equity trading platform, across 19 countries.

UBS MTF

EquityClear offers clearing services to members of UBS MTF, a non-displayed multilateral trading facility, featuring a Central Counterparty (CCP) model, in order to help users manage settlement costs and potential counterparty risks.