KAS BANK expands its Equities Platform and Clearing Services to include the Nordic markets

Following the implementation of the Central Counter Party (CCP) structure in the Nordic markets on 9 October 2009, KAS BANK will provide clearing and settlement services to its clients, in its capacity as general clearing member and direct settlement agent in all relevant markets.

KAS BANK offers Trading Member Firms the advantages of its integrated clearing, settlement and custody services for their transactions executed on NASDAQ OMX and relevant Multi Trading Facilities (MTF’s).

With the addition of the Nordic Exchanges, KAS BANK strengthens its European strategy and offers its post-trade securities services and solutions linked to 22 regulated exchanges and seven MTF’s in the European market place.
The Single Processing Platform processes clients’ transactions in a uniform way, with a single collateral and margin arrangement for all markets, through expert management and mitigation of relevant risks on behalf of Trading Member Firms.

Albert Röell, Chairman of the Managing Board of KAS BANK: “In line with our European strategy, KAS BANK’s commitment to the Nordic region is very strong. Our highly sophisticated equities platform will be directly connected to the Nordic infrastructure and will offer clients access to the expert securities services that they are used to in the rest of Europe. We welcome all parties to speak with us so as to profit from KAS BANK’s expertise and neutral platform across all of Europe.”