Following EuroCCP’s Newsflash dated 30 November, Sigma X has now confirmed that 21 December is the go-live date of its EU entity – Sigma X Europe MTF.
Through its EU entity Sigma X Europe MTF (MIC-code SGMU), Sigma X will enable participants to continue trading in EEA symbols only (excluding UK and Swiss) and will continue to operate its UK based trading venue Sigma X UK (MIC-code SGMX) for trading with the same market coverage as today.
Clearing Participants wishing to trade on Sigma X Europe MTF will need to have the following actions completed as soon as possible with EuroCCP:
· Statement of Authority signed
· Netting set up agreed
· Standard Settlement Instructions (SSIs) confirmed
· Successful testing undertaken
Further information on membership applications, client testing and transition arrangements can be found at EuroCCP’s EU based venues & Brexit web page.
Should you have any further queries, please do not hesitate to contact us.