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Nomura becomes general clearing member of CC&G


• Nomura to be GCM for equity derivatives traded on IDEM

Cassa di Compensazione e Garanzia (CC&G), a leading provider of clearing services, today announces that Nomura International Plc has become a General Clearing Member (GCM) for IDEM, Borsa Italiana’s equity derivatives market.

As a GCM, Nomura will be able to self clear, via CC&G, its own contracts traded on IDEM, in addition to providing a clearing service for its leading global customers.

Paolo Cittadini, CEO of CC&G said:
“We are thrilled to welcome Nomura as a General Clearing Member of CC&G. Nomura are a respected and influential financial institution and we are pleased that they have chosen CC&G to help support their global business operations through the provision of secure, efficient clearing services”.

Michelle Neal Global Head of Electronic Markets, Futures and Derivatives Clearing at Nomura International Plc said:
“We are delighted to join CC&G as a General Clearing Member. We continue to build our listed derivatives and OTC clearing offering and are pleased to be able to offer our clients clearing on CC&G and enable them to benefit from the increased efficiencies that arise from membership.”

IDEM is Italy’s leading equity derivatives platform and the third largest in Europe. IDEM provides members with access to futures, mini-futures and options on the S&P/MIB Index as well as futures and options on single stocks.

CC&G, part of London Stock Exchange Group, is appointed as a central counterparty to IDEM as well as other major securities trading venues, providing a comprehensive choice of clearing services and the elimination of counterparty risk. Over 70 Direct Clearing Members worldwide use CC&G for the clearance of their and their customer’s trades.

Cassa di Compensazione e Garanzia S.p.A. (CC&G)
Cassa di Compensazione e Garanzia provides Central Counterparty services to multiple trading venues in a broad range asset classes including equities, ETFs, derivatives, closed-end funds and bonds. Wholly owned by the international diversified exchange business, London Stock Exchange Group, CC&G has an international client base of more than 150 clearing and non-clearing members from 10 European countries. CC&G provides clearing services for Group businesses including Borsa Italiana, IDEM and EDX London.


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