Oslo Børs signs off on MoU with LCH.Clearnet 30 May 2012Norway Reporter: Georgina Lavers
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In 2010 Oslo Børs and LCH.Clearnet entered into a memorandum of understanding regarding interoperability on clearing services for cash equities.
Subsequent to a comprehensive process with European supervisory authorities, Oslo Børs entered into discussions with members and alternative clearing providers regarding interoperability.
Based on these discussions Oslo Børs has decided to pursue the MOU entered into with LCH.Clearnet in 2010. Oslo Børs and LCH.Clearnet have an existing interoperability agreement on derivatives. Oslo Børs wishes to expand this existing relationship.
Subject to finalization of agreements with LCH.Clearnet, and necessary regulatory approvals, Oslo Børs will target interoperability for cash equities, corresponding to the implementation of the new trading platform Millennium Exchange, targeted for Q4 2012.
The need for additional clearing links will be considered after experience has been gained with interoperability through LCH.Clearnet.
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