LCH.Clearnet Limited has been selected to clear for Nasdaq OMX Europe ("Neuro"), Nasdaq OMX's pan-European multilateral trading facility (MTF).
Through its EquityClear service, LCH.Clearnet Limited will clear circa 1,000 European blue-chip stocks which are currently traded on NEURO's proven, low latency matching engine, INET.
Wayne Eagle, Director, Equity Services, LCH.Clearnet said; "Customers want real choice in clearing and we are delighted to compete on the basis of the quality of our service and competitive pricing structure. We look forward to working with NASDAQ OMX in building NEURO's future success."
Charlotte Crosswell, President of NASDAQ OMX Europe commented, "NEURO fully supports the progress of interoperability between clearing firms in Europe. Through this new agreement with LCH.Clearnet, our customers will be able to benefit from increased competitive choice on the post-trade side of their transactions."