Galaxy

LCH SA provides clearing services to the GalaxyTM MTF.

By clearing through LCH, GalaxyTM clearing members benefit from multilateral netting, counterparty risk management, straight through processing and counterparty anonymity.

GalaxyTM allows qualified Debt markets participants to trade euro-denominated corporate, financial and covered Bonds on a transparent order book with firm orders. This new MTF is being built to meet the "Expression of Needs" that has been designed by representatives of euro-denominated Bond market participants and released by the Cassiopeia committee. The objective of GalaxyTM is to provide liquidity and transparency through an order book with firm orders, pre and post-trade reporting and clearing and settlement solutions.

Further information about the products and services offered by GalaxyTM can be found on the Galaxy website.

Related Information

  • SA Cash & Derivatives Public Files
  • Buy in
  • SPAN ® Cash & Derivatives Clearing Files
  • Margin Parameters
  • Membership
  • LCH Rule Book
  • Connecting to SA
  • Cash & Derivative Clearing System Infomation