KAS BANK expands European network with MTF Turquoise

With effect from Monday 18 August 2008, KAS BANK N.V. acts as General Clearing Participant for Turquoise, the new pan-European alternative trading platform that was launched today. With this new direct link KAS BANK enables accredited firms to clear and settle their trades on Turquoise through KAS BANK’s unique European clearing and settlement platform. In total KAS BANK now offers its clients a direct link to eighteen European markets, Hong Kong, Dubai and the USA.

Albert Röell, Chairman of KAS BANK’s Managing Board: “This additional link to our European platform underlines our commitment to provide integrated European clearing & settlement services via our Single Platform to the main European regulated markets and Multilateral Trading Facilities (MTFs). We are already General Clearing Participant for the Chi-X CCP-covered markets and closely monitor the development of all MTFs with a view to add these to our clearing and settlement capabilities. This new link is also a further extension of our best execution service under MiFID. KAS BANKs Smart Engine provides banks and brokers with an eminent outsourcing solution for direct access to regulated markets and alternative trading platforms across Europe and worldwide.”

Turquoise is a pan-European Multilateral Trading Facility (MTF) for electronic trading in securities across 14 European markets and outside the European Regulated Markets.