GlobeClear supports over 50 trading venues, providing access to the major European exchanges and MTFs.
It provides global clearing and settlement agency services covering fixed income and equity securities for banks, brokers and hedge funds that trade in the global markets.
JP Morgan Worldwide Securities Services market manager for banks and broker dealers in EMEA Mike Reece said their clients want access and solutions that support diverse trading strategies as they look for opportunities across a fragmented market.
"Providing clearing and settlement services for Knight on UBS MTF represents another important step in our market coverage and provides our clients with even more choice," Reece said.
Knight Capital Europe managing director Kee-Meng Tan said JP Morgan has been a long-standing partner for Knight Capital’s European clearing and settlement needs and Knight Capital is pleased that they will be extending their services to support Knight Capital’s trading activity on UBS MTF.
