Nasdaq OMX has confirmed that it has selected Fortis subsidiary European Multilateral Clearing Facility to handle clearing for the exchange's new trading system, which is set to launch in Europe in September. "Our relationship with EMCF is an important step in our plan to leverage the growth opportunities before us in this post-Mifid environment," said Chris Concannon of Nasdaq OMX. "It will enable us to offer not only faster and better executions, but a highly reliable, seamless post-trade experience."

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