LCH.Clearnet Launches Clearing on Turquoise

lse1
Turquoise is owned by the LSE, which has also posted a takeover bid for LCH.Clearnet.

LCH.Clearnet (LCH) has announced the launch of interoperable clearing across 17 countries for the Turquoise platform.

The clearing house had previously implemented a similar program for SIX Swiss Exchange Ltd in 2003 with SIX x-clear Ltd. The partnership with Turquoise, the pan-European equity trading platform acquired by the London Stock Exchange Group in 2010, is aimed at increasing post-trade efficiency.

"The introduction of interoperable clearing for Turquoise is a truly positive development for the European Equities market," says Wayne Eagle, executive director, equity services at LCH.Clearnet. "Choice of clearer allows customers to select the clearing house that best meets their requirements and results in lower costs and greater efficiencies. With EquityClear's highly competitive pricing structure and robust risk management standards, we are confident that customers will recognise the benefits of choosing LCH.Clearnet."

The London Stock Exchange Group recently posted a €1 billion (approximately $1.35 billion) takeover bid for LCH.Clearnet, which was backed by the clearing house's board in September over a bid from Markit.

  • LinkedIn  
  • Save this article
  • Print this page  

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: