NASDAQ OMX Europe uses EMCF as the central counterparty clearing house for all European securities traded on its market and routed away to external markets. As part of the sign up process, participants will be required to sign a Clearing Participant Agreement with EMCF. Prospective participants of NASDAQ OMX Europe are encouraged to contact EMCF directly, or speak with their NASDAQ OMX sales representative to facilitate this process 

EMCF (European Multi-Lateral Clearing Facility), is an independent central counterparty clearing house and offers central counterparty services for equity trading on exchanges and multilateral trading facilities. EMCF is regulated by the AFM and the Dutch Central Bank.

EMCF WEBSITE

Click here

Upon completion of a trade, NASDAQ OMX Europe will submit in real-time the Execution Identifier number (ExecID: FIX tag 17) to both the participant and EMCF.

EMCF will receive this Execution Identifier, pre-pended with a "B" for a buy, or "S" for a sell. For example:

Execution Identifier: 9999

Side: Buy

EMCF Reference #: B9999

Participants can reconcile their trades with EMCF by pre-pending a "B" for a buy, or "S" for a sell on the Execution Identifier they receive.

Should trading participants need assistance reconciling their trades with EMCF, please contact Trade Support at +44 20 7065 8170.

Managing Director:

Jan Booij
Tel: +31 (0)20 527 1768
Fax: +31 (0)20 527 4663
jan.booij@nl.fortis.com

Client Relationship Manager:

Willem Mooijer
Tel: +31 (0)20 527 2171
Fax: +31 (0)20 527 4663
willem.mooijer@nl.fortis.com

Client Relationship Manager:

Erik Westerling
Tel: +31 (0)20 527 2832
Fax: +31 (0)20 527 4663
erik.westerling@nl.fortis.com