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London Stock Exchange connects EuroCCP to main market 

December 12, 2014
Elliott Holley, Banking Technology

The London Stock Exchange has set out plans to add European Central Counterparty as a third CCP for its main market from March 2015.

Interoperable clearing has been gradually adopted by a number of trading venues and exchanges across Europe in the last few years, in line with European Commission guidance which aims to encourage choice. The other clearers on the LSE are LCH.Clearnet and Switzerland’s SIX x-Clear.

“The addition of EuroCCP as a third provider of clearing services for trades executed on London Stock Exchange’s main electronic order book reaffirms our commitment to offering choice to its members, helping to drive efficiencies across the trading cycle,” said Nicolas Bertrand, head of equity and derivatives markets at the LSE. “The LSE first introduced interoperability between clearing providers back in 2008 and the expansion of this further confirms the Group’s unique position as a truly open-access infrastructure provider.”

Read more: Banking Technology

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