19 August 2017
visit www.avoka.com

LCH.Clearnet commences new clearing service for EDX London

02 February 2004  |  750 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.dorsum.euvisit www.worldpaymentsreport.comdownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
8796 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7729 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
7031 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6385 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
6239 views comments | 11 tweets | 9 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job