Ann Neidenbach, Global Head of LSEG Technology stated:
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 STP 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, LCH Ltd commented:
With the migration to the Millennium Clearing & 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.
Krunic added:
EquityClear connects to 16 trading platforms and 19 CSDs across Europe so it was vital that implementation of the new platform was seamless and without any disruption for our members. The fact that the platform successfully processed EquityClear’s highest ever clearing volumes is a testament to the close collaboration between all parties to ensure a smooth transition.
LSEG Technology delivers broker, exchange, market data, risk and collateral management, surveillance, clearing and settlement products to customers globally. Key patented technology powers those products and helps improve efficiency for the financial market infrastructure and financial services firms such as London Stock Exchange, HKEX, Johannesburg Stock Exchange, Singapore Exchange and other markets around the world.
Read More:
