ESP Central Counterparty Clearing™ (CCC) significantly reduces the number of trade settlements and allocations when executing stocks across multiple brokers and execution venues. Buy-side clients may receive significant savings in custodial ticket charges and back-office administrative costs by using CCC.

CCC works by aggregating daily trades of the same equity and side across all execution venues (algorithms, ECNs, exchanges, dark pools, and cash desks) into one block, resulting in a single ticket rather than multiple tickets from executing brokers.

CCC streamlines connectivity, routing, and back-office processes for institutions. Only one FIX connection is needed from the client to ESP; ESP is in turn connected to all its execution venues. ESP provides one point of contact and around-the-clock operational support for trade routing and settlement inquiries for all supported markets, including the U.S., Europe, Canada, South Africa, and Asia-Pacific.

The simplification of the clearing process by CCC can lead to fewer breaks, fails and penalties due to fewer settlement counterparties, as well as more rapid resolution for post-trade settlement issues.

Clients can also benefit from a wide choice of industry-leading EMS platforms integrated with CCC, which can be deployed and linked to the client's OMS to optimized trading.

CCC can also be implemented as a post-trade aggregation process, in conjunction with client's existing broker routing network.

For more information, please contact ESP at 212-485-5120