LCH SA to offer clearing for Oslo Børs derivatives market
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LCH SA to offer clearing for Oslo Børs derivatives market 14 December 2020Norway Reporter: Natalie Turner
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LCH SA is now offering clearing services for financial derivatives listed on Oslo Børs (OSE) derivatives market.
OSE is Norway’s only regulated markets for securities trading including equities, derivatives and fixed income instruments.
Following the migration, five additional members trading financial derivatives on OSE 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 OSE clearing house follows Euronext’s acquisition of the exchange in 2019.
The existing members of LCH SA’s listed derivatives clearing service are able to extend their existing memberships to include trading activity at OSE.
“We’re delighted to be extending our relationship with Euronext to offer clearing for the OSE derivatives market," says Christophe Hémon, CEO of LCH SA. "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, adds: “Connecting to LCH SA will support the growth of our membership base, by onboarding a more diverse set of member firms.”
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