AtomX
Euronext sounds gong for AtomX initiative
Euronext sounds the gong for their AtomX initiative. AtomX is a service that combines the flexibility of over-the counter trade (OTC) together with the efficiency and safety of the regulated markets and central clearing.
By enriching services for off-orderbook, on-exchange trading, Euronext can meet demand from clients currently trading OTC to clear centrally, while maintaining the bespoke contract features that allow them to meet their trading objectives more accurately than standard orderbook trading.
Trades reported via AtomX are cleared by LCH alongside other Euronext derivatives business, providing efficiency for market participants who trade a mix of bespoke and standard contracts.
For more information: https://www.euronext.com/en