21 October 2017

LCH.Clearnet commences new clearing service for EDX London

02 February 2004  |  765 views  |  0

EDX London and LCH.Clearnet are delighted to announce the successful migration of central counterparty services from the OM London Exchange to LCH.Clearnet Ltd with effect from today.

This development is the first milestone for EDX London in enhancing its current Scandinavian business and developing new products. EDX London members will benefit from the cross product synergies and established international coverage that LCH.Clearnet is able to provide.

Arun Aggarwal, Managing Director, Business Management at LCH.Clearnet Ltd said: "This marks the first step for LCH.Clearnet in supporting the London Stock Exchange’s equity derivatives business, and we look forward to helping EDX London to expand its product range."

Nic Stuchfield, Managing Director at EDX London said: "The migration of clearing to LCH.Clearnet provides firm foundations for our development plans. We are well advanced in our aim to deliver OTC confirmation and clearing services, the first phase of which we expect to launch in March."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.com visit www.fivedegrees.nl

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
8599 views comments | 21 tweets | 26 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8580 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7663 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7120 views comments | 10 tweets | 22 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
6730 views comments | 14 tweets | 23 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job