Euronext Liffe has acquired OTC front end trading system C-Screen in a bid to attract OTC equity derivatives business onto the exchange. C-Screen was bought from Nordic software firm Cinnober for an undisclosed amount with ongoing contracts to build and maintain an STP system and to replace Liffe's existing equities OTC post trade matching and
clearing services.
Liffe's contract with C-Screen involves the technology firm providing a three-fold system, including C-Screen itself, Cinnober's pre-trade price-discovery platform and a secure STP link.
The second of these will allow users to post and respond to indications of interest in wholesale equity...