We also wanted to let you know what this means for you as a CScreen customer.
Business as usual
Initially you will not notice any difference in the way that CScreen operates. The pricing structure will remain the same for the services you currently use and contracts that are in place will remain valid. It will be business as usual.
Increased functionality
Euronext.liffe has acquired CScreen as a key component of a unique new wholesale service for equity derivatives. This means that you will soon be able to benefit from increased functionality, when secure links are built from CScreen to both an “on-exchange”, administration and clearing service and an “off-exchange” post-trade matching service. When this new functionality is added, you will have the flexibility to either continue using the platform as you do today, or to use CScreen in conjunction with one of the two post-trade services.
No change to how the market works
The new wholesale service has not been designed to change the way the market works and brokers and banks will still be central to the interaction with their clients. The added functionality will enhance the potential of the existing platform whilst helping banks and brokers to offer new services to clients.
Work smarter: straight-through processing (STP)
When CScreen is integrated with the two trade booking services, you will be able, for the first time ever in either listed or OTC markets, to benefit from straight-through processing (STP) from pre-trade price-discovery to post-trade booking and administration. The service will be a flexible, simple and cost effective way of conducting wholesale equity derivatives business.
This new wholesale service is an exciting and significant development for the market and as existing CScreen customers you stand to benefit from greatly enhanced functionality. CScreen will be your channel to the new services and we think this is an excellent opportunity for you to increase your presence in CScreen for all your equity derivatives. We are writing to let you know that the ownership of CScreen has changed after the company was acquired by Euronext.liffe, the international derivatives business of Euronext Group NV, from Cinnober Financial Technology AB.
We also wanted to let you know what this means for you as a CScreen customer.
Business as usual
Initially you will not notice any difference in the way that CScreen operates. The pricing structure will remain the same for the services you currently use and contracts that are in place will remain valid. It will be business as usual.
Increased functionality
Euronext.liffe has acquired CScreen as a key component of a unique new wholesale service for equity derivatives. This means that you will soon be able to benefit from increased functionality, when secure links are built from CScreen to both an “on-exchange”, administration and clearing service and an “off-exchange” post-trade matching service. When this new functionality is added, you will have the flexibility to either continue using the platform as you do today, or to use CScreen in conjunction with one of the two post-trade services.
No change to how the market works
The new wholesale service has not been designed to change the way the market works and brokers and banks will still be central to the interaction with their clients. The added functionality will enhance the potential of the existing platform whilst helping banks and brokers to offer new services to clients.
Work smarter: straight-through processing (STP)
When CScreen is integrated with the two trade booking services, you will be able, for the first time ever in either listed or OTC markets, to benefit from straight-through processing (STP) from pre-trade price-discovery to post-trade booking and administration. The service will be a flexible, simple and cost effective way of conducting wholesale equity derivatives business.
This new wholesale service is an exciting and significant development for the market and as existing CScreen customers you stand to benefit from greatly enhanced functionality. CScreen will be your channel to the new services and we think this is an excellent opportunity for you to increase your presence in CScreen for all your equity derivatives.
