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.