24 October 2017
Register now

LCH.Clearnet and Oslo Clearing to interoperate

22 October 2009  |  1650 views  |  0 Source: LCH.Clearnet

LCH.Clearnet Limited and Oslo Clearing ASA together with Oslo Børs ASA have signed a memorandum of understanding (MOU) to launch clearing for the Oslo Børs market, and, in addition, to explore potential opportunities for future collaboration.

The plans to interoperate outlined in the MOU will, in the first phase, give Oslo Børs trading participants a choice between clearing houses.

Roger Liddell, Chief Executive, LCH.Clearnet said: "We are delighted at this development and look forward to exploring ways in which we can work with Oslo Clearing and Oslo Børs to deliver enhanced services to our members. Interoperability is a first step which provides customers with real choice, broadening the choice of clearer for the Norwegian market and facilitating access for our members to the Oslo Børs."

Christian Sjöberg, Chief Executive of Oslo Clearing said: "We welcome LCH.Clearnet Limited as a choice of clearing for cash equities and we are excited to further discuss possible opportunities for closer collaboration with LCH.Clearnet Limited."

Bente A. Landsnes, Chief Executive of Oslo Børs said: "We are pleased to announce LCH.Clearnet Limited as the second CCP for cash equities trading at Oslo Børs. LCH.Clearnet Limited has proven their distribution power and long term commitment to the CCP market and will be an excellent complement to the CCP services provided by Oslo Clearing."

The arrangement between LCH.Clearnet Limited and Oslo Clearing ASA is in line with the Access and Interoperability Guidelines within the European Code of Conduct and is subject to regulatory approval.

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 Register now

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
20710 views comments | 31 tweets | 44 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
15606 views comments | 24 tweets | 33 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
11209 views comments | 12 tweets | 23 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job