Source: LCH.Clearnet Ltd
LCH.Clearnet Ltd, the global clearing house, today announces a further extension of EquityClear, its European equities clearing service. From 22 February 2016, users of UBS MTF will be able to benefit from clearing via LCH.Clearnet.
The addition of the multilateral trading facility will build on the recent move to offer clearing services for Nasdaq Nordic’s cash equity markets in Denmark, Finland and Sweden, and Spanish equities on pan-European MTFs.
LCH.Clearnet has been clearing Nasdaq Nordic cash equity markets since 23 November 2015. This has introduced a choice of CCP providers to the region and enables members to achieve greater efficiencies by consolidating their flows through one clearing house.
Cécile Nagel, Global Head of Equities and Commodities, LCH.Clearnet, said: “We’re focused on building deep relationships with our members and developing our offering in line with their needs. Extending our trading venue coverage lies at the heart of our open access approach. Adding UBS MTF is an important milestone in our efforts to provide choice and create efficiencies for the market.”