Bclear

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Bclear, which was launched in 2005, is Liffe NYSE Euronext's cleared service for equity derivatives.[1] Its main users are investment banks and buy-side firms to process over-the-counter (OTC) derivatives business. Bclear was developed to repatriate much of the OTC ‘exchange look-alike’ business back to the exchange.[2]

Bclear can either be used as a stand-alone service or in conjunction with Cscreen, the exchange's pre-trade price discovery platform.[3]It offers futures and/or options on over a thousand underlying companies from more than 20 countries, as well as a broad range of index derivatives. Both Bclear and Cscreen have been deployed by customization of Cinnober's TRADExpress technology.

On Dec. 22, 2008 Liffe began offering Credit Default Swaps (CDS) on Bclear.[4] [5] As of early February, however, the platform had not handled any contracts because of delays in firms connecting to the platform.[6]

Resources

References

  1. Press Release. Cinnober.
  2. Clearer With Bclear. Risk.
  3. Bclear Reported Trade Service. Liffe NYSE Euronext.
  4. Liffe extend their business with Cinnober TRADExpress. Reuters.
  5. Overview. NYSE Euronext.
  6. CDS Clearing Platforms Make Some Strides. Futures Industry Magazine.