Pirum extends its congratulations to Cboe Clear Europe (Cboe: CBOE), the world's leading derivatives and securities exchange network, and BNY (NYSE: BK), a global financial services company, for launching another landmark solution that democratises the benefits of central clearing to traditionally bilateral SFT markets. 

This collaboration, which leverages Pirum's ClearingConnect service for real-time trade instruction and lifecycle event processing, is an example of collaborative innovation at its best. Cboe Clear Europe's highly scalable platform, supported by Pirum's ClearingConnect, is perfectly positioned to expand its SFT clearing services in the next year. 

Jan Treuren, Senior Director Product at Cboe Clear Europe, said: “Expanding our SFT clearing service to Agent Lenders and their UCITS clients represents a significant advancement in strengthening the market infrastructure for securities lending and driving new efficiencies for participants. Through the integration of innovative collateral models with resilient clearing capabilities, we are fostering deeper liquidity, stronger risk management, and enhanced operational automation across the securities finance market. This achievement underscores our dedication to utilising our infrastructure and technology capabilities to deliver scalable clearing solutions that adapt to the evolving needs of our clients and the wider industry.” 

Rob Frost, Global Head of Business Solutions at Pirum, said: "Extending the benefits of central clearing to new asset classes, like UCITS, represents yet another breakthrough for central clearing for securities finance. It also underscores the professionalism, vision and first-rate execution of the teams at Cboe Clear Europe and BNY.  We would like to offer our congratulations to all the teams involved and we look forward to future collaborations with all our peers involved in the Cboe Clear Europe project." 

This collaboration demonstrates our commitment to developing solutions that solve real world challenges today and can be brought to market quickly, with a trusted technology partner that has a history of collaborations that work for the industry.  

Read the full Cboe Clear Europe press release.