LCH.Clearnet Group Limited (LCH.Clearnet) today announces its results for the year ended 31 December 2012.
Strategic and operational highlights
Commenting on performance Ian Axe, Group Chief Executive, said: "Last year saw unprecedented stress in European sovereign debt markets and extensive global financial regulatory reforms covering CCPs. LCH.Clearnet came through for clients and regulators demonstrating once again our effectiveness within the global capital markets risk management framework. A €127.5 million profit is sound evidence of how we strengthened our financial stability and is proof of our longevity. We also achieved a number of important milestones in our strategic development, including reinforcing our leading market position in Europe by growing our OTC businesses and extending our horizontal exchange model, as well as investing in the US and Asia. We are in a strong position to leverage further our strengths as the leading multi-asset class, multi-venue clearer."
Read the full statement here
Excellent salary with uncapped commissionMilton Keynes
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