LCH EquityClear has added clearing services for the Euronext Growth Oslo Market (EGO), effective from 28 June 2021.
EquityClear is LCH’s UK-registered equities clearing service, with connectivity to 16 trade venues and 19 Central Securities Depositories (CSDs) across Europe.
LCH says that this new partnership will provide EquityClear members with a choice of trading venue.
Members can also net positions across all the markets that EquityClear clears, significantly reducing settlement and operational costs.
Underpinning the entire service is EquityClear’s proprietary Equity Risk Analysis algorithm (ERA), which delivers cost-efficient management of trades and positions by spotting offset opportunities across all of EquityClear positions, LCH explains.
EquityClear clears for 16 exchanges and trading venues. Multiple subsidiaries, market segments and trade feeds are cleared for several of these.
