LCH.Clearnet migrates members to BT Radianz shared market infrastructure

Source: BT

BT announced today that LCH.Clearnet Group (LCH.Clearnet), the leading independent clearing house group in Europe, has successfully migrated all of LCH.Clearnet SA's members to the BT Radianz Shared Market Infrastructure.

The migration included 56 members of LCH Clearnet SA and seven partners located in nine European countries (France, Germany, Belgium, Luxembourg, the Netherlands, Portugal, Spain, Switzerland and the UK). This project met the challenging timescales set by LCH.Clearnet SA as it was delivered over a six month period.

As part of its global migration project, 68 members of LCH.Clearnet Ltd and five other partner organisations will also migrate to the BT Radianz community by May 2010. BT Radianz services provide LCH.Clearnet members with a consolidated access to the Group's clearing services through a reliable, secure and scalable IP infrastructure.

Christophe Hémon, CEO of LCH.Clearnet SA, said: "The success of this project has largely been driven by detailed collaboration and a strong relationship between LCH.Clearnet and BT. BT will help to harmonise and enhance LCH.Clearnet's technical infrastructure at a Group level, providing encrypted connectivity services and an end-to-end secured managed IP network solution between our data centres and our members' sites".

Andy Nicholson, vice president global banking & financial markets, BT, said: "Strengthening our relationship with such a key organisation in international financial markets further demonstrates the importance of our BT Radianz services and reinforces our position as the community infrastructure for the financial industry. It demonstrates in concrete terms how our services support the financial community across the entire trading cycle, from pre-trade market-moving data through execution to clearing and settlement".

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