LCH SA further expands European equities offering with connections to new trading venues
- LCH SA has completed connections to Cboe Europe BV (including the Cboe Trade Reporting Service) and Aquis Exchange Europe
- Market participants benefit from additional routes to clear European equities at LCH SA
- Increases margining and settlement netting efficiencies available to EquityClear SA customers
LCH, part of LSEG (London Stock Exchange Group) today announced that its EquityClear service at LCH SA is now connected to Cboe Europe BV (including the off-book trade reporting service BXTR) and Aquis Exchange Europe. Customers trading on these venues as well as those trade reporting on BXTR can clear, net and settle trades at LCH SA alongside equities traded on Cboe UK, Turquoise Europe and Turquoise UK through the preferred clearing model.
The ‘preferred CCP’ clearing model allows customers to choose to clear through LCH SA provided that both counterparties to the trade have elected LCH SA as their preferred CCP. Enabling clearing at LCH SA of European euro-denominated securities traded on these venues provides market participants with the potential for significant margin, settlement and clearing cost efficiencies. This expansion also supports the further development of liquidity in European equities markets.
Ivan Gilmore, Head of Cash Equities at LCH Ltd and SA, said: “Through our Paris-based clearing house, EquityClear SA is focused on ensuring our customers continue to benefit from the largest pool of liquidity in cleared European equities. These new connections are part of our strategy to expand the trading venues available to our clearing members. Increasing the options for our customers of where they trade and clear enables greater opportunities for capital and operational efficiencies.”
Jonathan Clelland, CEO, Aquis Exchange Europe, said: “We’re pleased to be able to offer our customers the ability to clear at LCH’s Paris-based EquityClear service. Expanding the clearing opportunities for products traded on our market supports our customers with greater access to the benefits of clearing.”
Natan Tiefenbrun, Head of Equities, Cboe Europe, said: “Providing a trade feed to LCH SA’s EquityClear service demonstrates Cboe Europe’s commitment to open access and competition.”
For further information
Chris Loscher / Nandeep Roopray
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; FX; fixed income; commodities; cash equities and equity derivatives. LCH also serves the non-cleared derivatives segment through LCH SwapAgent, a new service which extends the efficiencies and infrastructure of clearing to the marketplace, without acting as a central counterparty.
LCH is majority owned by London Stock Exchange Group (LSEG.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
To view this announcement in French, please download the PDF version