LCH.Clearnet live with cash equity clearing platform

Source: LCH.Clearnet

LCH.Clearnet SA (LCH.Clearnet) has gone live with its new, enhanced cash equity clearing platform.

This state-of-the art platform brings higher capacity, increased flexibility, and greater scalability and will leverage LCH.Clearnet's capacity to develop innovative and timely solutions. In addition it was introduced with minimal impact to clients to ensure a quick and smooth transition and its implementation enabled the significant fee cuts which took place in January 2010.

The new platform has been designed to better serve clients and partners through:

• greater capacity and scalability, making it easier to increase the system's capacity to connect new platforms more rapidly,
• an enhanced modular architecture enabling LCH.Clearnet to easily and rapidly respond to its clients and markets partners demand,
• economies of scale for exchanges with one platform serving multiple markets.

Commenting on this achievement, Christophe Hémon, Chief Executive, LCH.Clearnet SA said: "Our new platform drastically reduces our IT run costs and has supported the fee reductions implemented earlier this year, whilst enhancing LCH.Clearnet SA's high quality clearing services with leading-edge technology. This is part of our on-going commitment to provide an even more competitive offering; a compelling combination of cost effective pricing, clearing expertise and time-to-market service."

The platform replaces the former clearing system which had been used since January 2001.


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