Pirum goes live with ClearingConnect
09 April 2025 UK
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Pirum has welcomed the go-live of its ClearingConnect solution, which is now working to support centrally cleared trading of securities finance transactions (SFTs) in Europe.
ClearingConnect aims to provide clients with improved capital efficiency and risk mitigation, as well as the processing of cleared lifecycle events.
It is designed to allow interoperability with existing Pirum solutions and enable straight-through processing across the securities lending lifecycle.
Cboe Clear Europe is now live on the platform, while other industry participants are in advanced stages of integration with the solution, the firm says.
Jan Treuren, SFT product lead at Cboe Clear Europe, comments: “Since the start of our journey to launch an SFT clearing service, we have appreciated the trust, dedication and commitment shown by Pirum.
“We are excited to work together over the coming weeks and months to establish central clearing within the SFT ecosystem and explore its potential expansion into other regions and asset classes.”
Rob Frost, chief product officer at Pirum, adds: “ClearingConnect represents another leap in Pirum’s ability to support clients across the full securities finance transaction, whether centrally cleared or bilaterally settled.
“As the globalisation of clearing proceeds at pace, we are delighted to support industry participants, globally, with the expected growth in SFT central clearing this year and beyond.”
ClearingConnect aims to provide clients with improved capital efficiency and risk mitigation, as well as the processing of cleared lifecycle events.
It is designed to allow interoperability with existing Pirum solutions and enable straight-through processing across the securities lending lifecycle.
Cboe Clear Europe is now live on the platform, while other industry participants are in advanced stages of integration with the solution, the firm says.
Jan Treuren, SFT product lead at Cboe Clear Europe, comments: “Since the start of our journey to launch an SFT clearing service, we have appreciated the trust, dedication and commitment shown by Pirum.
“We are excited to work together over the coming weeks and months to establish central clearing within the SFT ecosystem and explore its potential expansion into other regions and asset classes.”
Rob Frost, chief product officer at Pirum, adds: “ClearingConnect represents another leap in Pirum’s ability to support clients across the full securities finance transaction, whether centrally cleared or bilaterally settled.
“As the globalisation of clearing proceeds at pace, we are delighted to support industry participants, globally, with the expected growth in SFT central clearing this year and beyond.”
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