LCH.Clearnet launches new clearing service for Oslo Børs
Latest news
LCH.Clearnet launches new clearing service for Oslo Børs 24 March 2014 Oslo Reporter: Georgina Lavers
Image: Shutterstock
LCH.Clearnet is now clearing listed securities on the Nordic exchange Oslo Børs and Oslo Axess.
Through its EquityClear service, LCH.Clearnet now provides clearing for equities, including ETFs, listed on Oslo Børs and Oslo Axess on an interoperable basis with the present clearinghouse, Oslo Clearing.
Alberto Pravettoni, global head of repo and exchanges at LCH.Clearnet, said: that the agreement with Oslo Børs was evidence of LCH.Clearnet’s long-standing commitment to interoperability across the European equities market.
“Clearing members will benefit from margin off-sets, reduced settlement cost through cross exchange netting and access to our first class risk management and highly competitive pricing structure.”
Tom Kristoffersen, senior vice president of client relations secondary Market at Oslo Børs said: “Oslo Børs recognises that many market participants want to see consolidation in European equities clearing and be able to choose the clearing house that best meets their requirements."
"We are delighted that LCH.Clearnet and Oslo Clearing will be working together for the benefit of our customers."
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Shutterstock 