21 July 2018
Visit www.avoka.com

LCH.Clearnet cuts cash equity clearing fees

12 December 2007  |  1512 views  |  0 Source: LCH.Clearnet

LCH.Clearnet, the leading European central counterparty, is pleased to announce further reductions in clearing fees.

These reductions again emphasise our determination to deliver value at competitive pricing levels.

From 1 January 2008, LCH.Clearnet will further reduce its clearing fees for trades executed on the London Stock Exchange SETS and SETSmm platforms, and for trades executed on virt-x, by an average of 25%. This latest reduction will mean that, since the start of the fee reduction programme in November 2006, cash equity markets clearing fees in London have more than halved.

Precise details of the revised tariff model are being finalised and will be published in the near future.

Further reductions in clearing fees charged for trades executed on NYSE Euronext cash equity markets in Amsterdam, Brussels, Lisbon and Paris, and on London Stock Exchange DTS are subject to the completion of formalities and will be announced in the near future.

Commenting on the reductions, Roger Liddell, LCH.Clearnet Group Chief Executive, said: "I am delighted to announce these latest reductions in our equity clearing tariffs, further and clear evidence of our determination to drive fees downwards whilst maintaining high quality clearing services. The fee reduction programme is by no means complete; we expect to announce still more reductions in cash markets clearing fees as well as in other asset classes in due course."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit iliad-solutions.com/Visit info.nice.comVisit https://secure.vasco.com

Who is commenting?

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
13073 views comments | 6 tweets | 7 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
10677 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
9851 views 19 comments | 15 tweets | 30 linkedin
IBM to test dollar-pegged 'stablecoin'IBM to test dollar-pegged 'stablecoin'
6960 views comments | 4 tweets | 14 linkedin
Bringing about new systems and faster payments globallyBringing about new systems and faster paym...
6805 views comments | 2 tweets | 7 linkedin

Featured job

Find your next job