EuroCCP, the clearing house set up to clear trades executed on Nasdaq Europe, has appointed Jeffrey Smith as its chief executive and Bernie Till as chief operating officer.

EuroCCP, which is a division of the Depository Trust and Clearing Corporation, the US securities depository, is regulated by the Financial Services Authority as a Recognised Clearing House, and will clear cross-border trades in both European and US securities. It will go live at the end of this year.