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The award-winning Bclear combines much of the flexibility of the "Over-the-Counter" (OTC) market with the benefits of an exchange and clearing house environment.
Since it was launched, Bclear has been used extensively by leading investment banks and buy-side firms to process OTC equity derivatives transactions.
Bclear provides an efficient, low cost means of processing and clearing wholesale equity derivatives transactions within the secure framework of an exchange and clearing house.
Transactions are conducted on a bilateral basis in the OTC market but once the trade is submitted to Bclear and accepted, it is replaced by an Exchange Contract. However, users still retain the flexibility to specify contract maturity, exercise price and settlement method, whilst also having the choice as to whether or not to publish trade details to the market.
Bclear offers futures and options on hundreds of underlyings, including:
- most European indices
- hundreds of European, Russian, South Korean and US securities, including all components of the AEX, CAC 40, FTSE 100, DAX and Dow Jones EURO STOXX 50
- variance futures contracts on the AEX, CAC 40 and FTSE 100 indices
- futures on the JPMorgan IPOX Europe 50 Index
- options on Exchange Traded Funds (ETFs)..
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