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CCPs trade blows over EU’s new open access push

Cboe Clear wants more interoperability; Euronext says ‘not with us’

Draft proposals from the European Commission would allow more on-venue trading to be cleared by third-party central counterparties, in a bid to integrate the European Union’s equity markets. Major infrastructure providers, however, bitterly disagree on the best clearing arrangement.

Champions of one form of co-operation arrangement known as interoperability say it’s the only way to ensure end

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