J.P. Morgan's GlobeClear business is offering third party clearing and settlement services for trades executed on the SmartPool and NYSE Arca Europe trading platforms.PARA_BREAK_SENTINEL_9f8e7d6c J.P. Morgan's GlobeClear business is offering third party clearing and settlement services for trades executed on the SmartPool and NYSE Arca Europe trading platforms. SmartPool Trading is a pan-European multilateral trading facility and dark liquidity pool covering 15 markets. It was created by NYSE Euronext in partnership with J.P. Morgan, HSBC and BNP Paribas. NYSE Arca Europe, another pan-European MTF which is fully integrated with NYSE Euronext, provides access to the most liquid securities across 11 markets. With this service extension, J.P. Morgan's GlobeClear now supports 29 trading venues, including five MTFs, three of which are cleared through EuroCCP and/or LCH Clearnet as central counterparties. As a result, clients wishing to trade on these MTFs can opt in for cross-platform netting enabling them to further reduce their net settlement cost. Kelly Mathieson, global head of clearance and collateral management for J.P. Morgan worldwide securities services, says: "Supporting investors on these trading platforms is in line with GlobeClear's strategy to further expand its clearing and settlement offering, providing our clients with quick, pan- European access to several trading platforms through a single global window. Through GlobeClear, clients benefit from a wide market coverage, both off and on-exchange, at low cost."
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