EquityClear - NASDAQ Interoperability

Report date

Circular No.

LCH Circular No 3621

Service Circular No

EquityClear Circular No 31


5 June 2015


All EquityClear Members


Dear Member,

LCH.Clearnet Limited (“LCH.Clearnet”) is delighted to inform you that Nasdaq has issued a notice announcing the addition of LCH.Clearnet as an interoperable CCP on Nasdaq, reiterating our shared commitment to competitive clearing in the Nordics.

We are pleased to be working with Nasdaq and are looking forward to delivering the benefits of interoperability to existing and new members in the region.

The addition of Nasdaq as a trading venue cleared by EquityClear will enable members to further consolidate clearing with one CCP,  which brings efficiencies and lower cost including through reduced clearing fees and settlement netting.  LCH.Clearnet will confirm timelines for adding the Nasdaq markets and will be announcing further interoperable links in due course.

LCH.Clearnet became interoperable on Oslo Bors in 2014 and now clears over 30% of the traded volume on the regulated market.  The addition of Nasdaq to the EquityClear service will allow members to consolidate the clearing of Nordic securities traded on all regulated markets and MTFs in a single CCP.

For further details of these additional interoperable links, please contact:

Tim Beckwith Tel: +44 (0) 20 7426 7276
Email: tim.beckwith@lchclearnet.com

Ian Mackenzie Tel: +44 (0) 20 7426 7265
Email: ian.mackenzie@lchclearnet.com