CCP12 to register in China

The Global Association of Central Counterparties reports that it decided at its Special General Meeting (SGM) on October 16, 2015 on the fringes of the Sibos gathering to register as a non-profit organisation in the China (Shanghai) Pilot Free Trade Zone.

CCP12 says that its members have consistently argued for the association to play a more significant role in global discussions pertaining to our business over the past several years. As Shanghai has a favourable financial environment and is an international financial centre, the decision to register in the China (Shanghai) Pilot Free Trade Zone was supported by the membership.

CCP12 vice-chairman Glenn Goucher, TMX Group (Canada) said: “This is a significant milestone in the evolution of CCP12 as an organization, and I look forward to the upcoming period as we continue to develop our supporting infrastructure to promote the contribution of CCPs to safer, more efficient and transparent global financial markets.”