Congratulations to Cboe Clear Europe for clearing its first European Securities Financing Transactions (SFTs), supported by Pirum’s ClearingConnect!
 
Earlier this week, Natixis Corporate & Investment Banking and J.P. Morgan became the first firms to use this innovative service, which transforms the bilateral process for SFTs in European equities and ETFs into a centrally cleared model, helping financial institutions become more capital efficient and streamlining several post trade processes. 
 
Commenting on this exciting announcement, Robert Frost, Chief Product Officer, said: “We are delighted to be supporting this important initiative and to extend our services to cleared securities financing transactions. This collaboration is a fantastic example of innovative firms working together to increase the efficiency of the securities finance industry, and we look forward to continuing to roll out the service in 2025 with the team at Cboe Clear.” 
 
Commenting on Pirum’s role in launching the service, Jan Treuren, SFT product lead at Cboe Clear Europe, said “Since the start of our journey to launch a SFT clearing service, we have appreciated the trust, dedication and commitment shown by Pirum. We are excited to work together over the coming weeks and months to establish central clearing within the SFT ecosystem and explore its potential expansion into other regions and asset classes.” 

Read the full announcement on the Cboe Clear Europe website.