Greek, Spain bourses connect with Link Up Markets

ATHENS, July 2 (Reuters) - The Athens stock exchange said on Thursday its central securities depository and Spain’s Iberclear connected successfully with Link Up Markets, the joint venture of eight European depositories set up to improve efficiency.

Link Up Markets was created to reduce costs of post-trade processing of cross-border securities trading in Europe.

It is a joint venture between the central securities depositories of Austria, Cyprus, Denmark, Germany, Greece, Norway, Spain and Switzerland, which represent 50 percent of European securities transactions.

The venture went live on March 30, connecting the depositories of Germany, Austria, Switzerland and Denmark (VP). Cyprus and Norway will follow in the next stages. (Reporting by George Georgiopoulos; Editing by Hans Peters)