CCP Austria Goes Live With CC&G’s Hosted Clearing Solution
Source: Mondo Visione
- CC&G is providing CCP Austria with a hosted service for Clearing and Risk Management
- The agreement demonstrates CC&G increased international reach and its ability to provide innovative services to other CCPs
CC&G is providing CCP.A with comprehensive EMIR and MIFID II compliant hosted clearing solutions including the delivery of a white-labelled CCP Clearing and Risk Management service, business continuity solutions and user interface solutions.
The launch extends CC&G’s international reach, which involves providing innovative services to other CCPs, leveraging CC&G’s existing multi asset class clearing expertise and established IT resiliency.
The new hosted service from CC&G will allow CCP.A to build on its core commercial activities while using CC&G’s trusted and reliable clearing and risk management solutions.
Marco Polito, CEO and General Manager, CC&G: “We are delighted to announce this strategic milestone with CCP Austria. This initiative highlights the role of CC&G as a risk management service provider as well as a trusted CCP. We look forward to continuing our close collaboration with CCP.A.”
Wolfgang Aubrunner, Managing Director of CCP Austria: “The extended cooperation with CC&G as a service provider enables CCP Austria to use synergies to efficiently cover future developments and the numerous regulatory requirements.”
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