The Luxembourg Stock Exchange on Tuesday launched a new, simplified post-trade settlement model that no longer requires a clearing membership. The exchange has partnered with Italy’s BFF Bank to provide the new service.
The new model simplifies the post-trade process of Luxembourg’s bourse, also known as LuxSE. The change “allows for a more streamlined and efficient settlement of securities transactions made on a channel encompassing 21,500 tradable instruments”, it said.
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