In line with the harmonisation movement across Europe, the Nordic markets are moving rapidly towards a more competitive and efficient securities trading infrastructure. NASDAQ OMX already offers a ‘voluntary’ Central Counterparty (CCP) service across its exchanges in Copenhagen, Helsinki and Stockholm, and intends to launch a full CCP service within months.

The introduction of a CCP, in contrast to fragmented bilateral settlements, will benefit market participants by driving liquidity and lowering costs. Most European markets today are centrally cleared, and this move ensures that the Nordics keep pace with international standards. Most crucially in the current climate, a CCP acting as counterparty to both the buyer and seller will significantly reduce counterparty risk.

As a dedicated European specialist, KAS BANK is at the forefront of these developments. We offer a comprehensive clearing service across all four Nordic markets, delivering significant processing efficiencies and market-leading risk control.