Clearing Day

The SWX Europe market is open from 06.00CET to 22.00CET during which time orders can be put in and trade confirmations can be alleged and matched. However, trades can only be sent to Clearing (to the CCPs) between 08.00CET and 18.15CET when the link to our two CCPs is open. This period is referred to as the Clearing Day.

Any trades executed outside these times cannot be marked for Clearing, and do not use the Central Counterparty facility.

Please refer to Market Notice 04/2006 for pan-European order book securities.