LCH.Clearnet operates a central counterparty service for the clearing and settlement of cash equities. The EquityClear service for equities provides for exchange members from multiple exchanges to settle their trades on a gross or net basis against the Clearing House locally in a variety of different (I)CSDs (International Central Securities Depository).
The EquityClear service has been expanded to include centrally cleared Contracts For Difference (ccCFDs) and will be tailored to clear CFDs executed on the various trading platforms.
Trading firms can trade CFDs on LMAX and clearing members will enjoy risk mitigation from LCH.Clearnet and numerous cost and process efficiencies.
Roland Chai - Senior Manager, EquityClear
Tel: + 44 (0)20 7392 8257
e-mail: roland.chai@lchclearnet.com
Ian Mackenzie - Customer Relationship Manager
Tel: + 44 (0)20 7426 7265
e-mail: ian.mackenzie@lchclearnet.com
Wayne Eagle - Executive Director, EquityClear
Tel: + 44 (0)20 7426 7038
e-mail: wayne.eagle@lchclearnet.com
06 October - EquityClear service extension to include Turquoise
19 July - BATS Pan-European Clearing
11 July - EquityClear change to Member Reporting