trading cost improvement
To improve an accuracy of trade cost calculation, designed and coded a new solution for European countries equities trades to calculate a settlement, clearing and a central counter-party pass-through fee and to reconcile with an exchange invoices.
European Central Counterparty N.V. (EuroCCP) is a central counterparty. Central counterparties (CCPs) give protection to both parties in a trade, providing assurance to each party that the trade will settle at the agreed price in the event one party defaults on its obligations. Headquartered in Amsterdam, EuroCCP was formed in 2013 to provide safe and efficient equities clearing and settlement services throughout Europe. EuroCCP is the result of combining EuroCCP Ltd. and EMCF N.V., both formed in 2007.
