LCH SA goes live clearing for Oslo Børs Derivatives Market
- Provides enhanced risk management, liquidity and efficiencies to market participants
- Clearing available for listed equity derivatives contracts on Norwegian single stocks and indexes
- Latest milestone in LCH SA’s expansion of trading venues
LCH, a leading global clearing house, today announced that it is now offering clearing services for financial derivatives listed on Oslo Børs Derivatives Market. Following the migration, five additional members trading financial derivatives on Oslo Børs are able to access the risk management benefits of clearing at LCH SA, with two existing clearing members extending their membership to clear the Oslo market.
The appointment of LCH SA as the central counterparty clearing house follows Euronext’s acquisition of Oslo Børs in 2019. Existing members of LCH SA’s listed derivatives clearing service are able to extend their existing memberships to include trading activity at Oslo Børs.
Christophe Hémon, CEO, LCH SA, said: “We’re delighted to be extending our relationship with Euronext to offer clearing for Oslo Børs Derivatives Market. This is a significant step for us as we continue to expand the number of products and trading venues available to our clearing members.”
Øivind Amundsen, CEO of Oslo Børs, said: “LCH SA has a strong track record in providing the market with robust risk management solutions across a range of products. Connecting to LCH will support the growth of our membership base, by onboarding a more diverse set of member firms. We’re pleased to be offering Oslo Børs’s members with an efficient post trade service to fulfil their clearing obligations.”
For further information
Rhiannon Davies / Christopher Loscher, Tel: +44 (0)20 7797 1222
LCH is a group of leading multi-asset clearing houses that provides proven risk management capabilities across a range of asset classes. As demand for robust clearing services continues to grow, LCH is committed to maintaining the highest standards of risk management across all our services.
As the markets’ partner, LCH operates an open access model, offering a choice of execution venues, delivering unprecedented choice and efficiencies to the marketplace.
LCH operates clearing houses around the world, with clearing houses incorporated in the UK and France and with offices in the United States and the Asia Pacific region. It offers clearing services across asset classes including OTC and listed rates; CDS and FX; fixed income; commodities; cash equities and equity derivatives. LCH also serves the non-cleared derivatives market through LCH SwapAgent, a service which extends the efficiencies and infrastructure of clearing to the market, without acting as a central counterparty.
LCH is majority owned by London Stock Exchange Group (LSE.L), an international markets infrastructure business that sits at the heart of the world's financial community.
Further information on LCH can be found at www.lch.com