Colt connects Europe’s largest pan-European cash equities clearing house
European Central Counterparty Limited and the European Multilateral Clearing Facility (EMCF) combined in 2014 to form Europe’s largest pan-European clearing house European Central Counterparty N.V. (EuroCCP). Processing more than six million trade sides each day and clearing stocks traded on 16 stock exchanges, multilateral trading facilities and other trade sources, ICT infrastructure is at the core of their business.
When the two firms combined, they wanted to move quickly to connect the Amsterdam and London offices. As a long term trusted provider of network services to one of the predecessor companies, Colt was ideally positioned to connect these two well-known clearing houses to ensure business as usual.
Colt designed a managed networking service to connect the Amsterdam headquarters with the London office, and four data centres, for fast and secure internal communications and back-office operations.
Colt understands that speed is essential in our business. They've always been very efficient and effective in creating a solution tailored to our growing needs and this was demonstrated once more with its agility and flexibility to implement the London connection. It took just one meeting with our Colt account manager for Colt to design an offering in line with our needs.- Erik Nieuwenhuis, IT Manager, EuroCCP
EuroCCP also uses Colt’s SWIFTNet service for secure connectivity to ensure secure bank transaction messaging such as payment instructions.