Spotlight Stock Market implements CCP clearing

Spotlight Stock Market is today, December 2 2024, implementing a central counterpart clearing (CCP) in order to increase the possibility of international trade in the shares listed on the marketplace. The CCP clearing is implemented by the clearing houses CBOE Clear Europe, SIX X-clear and LCH Ltd, which is the same solution as the major European exchanges utilize, and will not incur any additional fees for the listed companies.

“We are very proud to announce a CCP solution, which offers our listed companies the possibility of increased international trade and improves our own ability to compete in the marketplace. With this, we can offer the same conditions as the major European exchanges do. Thus, it establishes Spotlight as a competitive exchange for European growth companies in search of a cost-efficient listing on a marketplace tailor made for the demands of a fast-growing company while at the same time offering Swedish and Nordic companies unsurpassed access to European investors”, Spotlight Stock Market CEO Anders Kumlin says.

A CCP is an entity that helps facilitate trading in various European equities markets. The CCPs strive to introduce efficiency and stability into various financial markets. It reduces counterparty, operational, settlement, market, legal, and default risk for traders. A CCP performs two primary functions as the intermediary in a transaction: clearing and settlement. As counterparty to the buyers and the sellers, a CCP guarantees the terms of a transaction—even if one party defaults on the agreement. The CCP bears the majority of the buyers' and sellers' credit risk when clearing and settling market transactions.

The introduction of a CCP solution on Spotlight Stock Market is very positive for its listed companies, since more international investors gain easy access to invest in a CCP operated marketplace, which may lead to better liquidity and price picture, in turn enabling the company to further attract additional investors. With a broader spectrum of investors, Spotlight Stock Market is of the opinion that this could also be positive for the listed companies in turns of raising future capital.

“We are pleased to announce that SIX x-clear's collaboration with Spotlight trading platform has established a seamless connectivity. This partnership marks another milestone in SIX´s commitment to expand its market coverage and provide operational efficiency across the whole value chain for the benefit of the members”, Laura Bayley, Head Clearing Services SIX, says.

Tim Beckwith, Head of Commercial and Business Development, CBOE Clear Europe, says: “We are pleased to be providing our clearing services to the Spotlight Stock Market and further strengthen our position in the Nordic region. This demonstrates our desire to support innovative marketplaces and steadfast commitment to open access and clearing interoperability, which brings proven benefits in terms of post-trade efficiencies and reduced costs.”

Spotlight Stock Market is currently in discussions with several non-Nordic banks interested in connecting to Spotlight Stock Market in order for their clients to easier invest in the listed companies on Spotlight Stock Market.

Spotlight Trading Operations 

Tel: +46 8-511 68 000  
E-mail: trading@spotlightstockmarket.com