LCH EquityClear goes live with new post-trade platform
07 April 2020 London
Image: Shutterstock
LSEG Technology, London Stock Exchange Group’s technology solutions provider, has implemented a new clearing platform for LCH’s EquityClear service.
EquityClear, which connects to 16 trading platforms and 19 central securities depositories (CSDs) across Europe, settling in 18 currencies, can now process trades on an instant basis.
LSEG Technology noted that the risk management and trade processing platform offers an efficient, resilient and scalable solution for a variety of clearing, operations and risk management processes.
The platform delivered to LCH is configured to clear and risk manage 20 million trades (40 million trade sides) per day at a throughput of 1,600 trades per second.
Ann Neidenbach, global head of LSEG Technology, says: “We are delighted to have successfully implemented LSEG Technology’s post-trade platform for LCH’s EquityClear service, delivering cutting edge risk management tools with zero-touch straight-through processing and real-time processing.
“The platform is designed to be scalable, highly efficient and resilient. This was a complex project, requiring extensive planning to meet the challenges of safely delivering critical market infrastructure.”
Alex Krunic, head of equities at LCH, adds: “With the migration to the Millennium Clearing and Risk platform, LCH EquityClear is demonstrating its commitment to our members and the market by investing in a state-of-the-art resilient technology platform.
"The platform offers next-generation clearing, operations and risk functionality for EquityClear, increasing operational efficiencies and enabling enhanced risk management for the service.”
EquityClear, which connects to 16 trading platforms and 19 central securities depositories (CSDs) across Europe, settling in 18 currencies, can now process trades on an instant basis.
LSEG Technology noted that the risk management and trade processing platform offers an efficient, resilient and scalable solution for a variety of clearing, operations and risk management processes.
The platform delivered to LCH is configured to clear and risk manage 20 million trades (40 million trade sides) per day at a throughput of 1,600 trades per second.
Ann Neidenbach, global head of LSEG Technology, says: “We are delighted to have successfully implemented LSEG Technology’s post-trade platform for LCH’s EquityClear service, delivering cutting edge risk management tools with zero-touch straight-through processing and real-time processing.
“The platform is designed to be scalable, highly efficient and resilient. This was a complex project, requiring extensive planning to meet the challenges of safely delivering critical market infrastructure.”
Alex Krunic, head of equities at LCH, adds: “With the migration to the Millennium Clearing and Risk platform, LCH EquityClear is demonstrating its commitment to our members and the market by investing in a state-of-the-art resilient technology platform.
"The platform offers next-generation clearing, operations and risk functionality for EquityClear, increasing operational efficiencies and enabling enhanced risk management for the service.”
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