LCH. ClearnetRSS

Top fintech stories this week – 31 March 2017

Banking Tech 2

Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

LSE terminates sale of LCH.Clearnet to Euronext

Euronext has an eye on LCH.Clearnet

Pan-European exchange Euronext has made an irrevocable cash offer of €510 million to acquire clearing and central counterparty (CCP) services provider LCH.Clearnet.

LCH. Clearnet expands to Spanish Equities on BATS Chi-X, Turquoise & Traiana

LCH. Clearnet is to begin offering clearing clearing services for Spanish securities executed on BATS Chi-X, Turquoise and Traiana from Monday 7 September 2015, subject to regulatory approval. The new service, which introduces interoperability for the market segment will operate under the existing Title V settlement framework until the revised dates have been published by Iberclear […]

Euronext prepares for 2015 derivatives launch with LCH. Clearnet

Euronext plans to

Euronext is planning to launch a new service that would allow derivatives to be reported to Euronext and cleared by LCH. Clearnet. The new service will use the Tradexpress platform built by vendor Cinnober, and is due to go live in spring 2015.

EMIR will push collateral calls “1000%” – but don’t cry about it …

Mullany: don't cry for collateral at the last minute

Market participants need to be sure they understand how their collateral is being handled. They also need to make sure they are ready for EMIR, according to financial executives at the Mondo Visione Exchange Forum this week.

First trades on LCH.Clearnet FX platform use Traiana CCP link

LSE paternoster square

LCH.Clearnet’s ForexClear service has cleared its first trades through a partnership with pre-trade risk and post-trade processing company Traiana, which matched and affirmed the FX derivative client trades using its Harmony CCOP Connect service.

LCH. Clearnet appoints new chief executive

bakhshi

LCH.Clearnet, the clearing house subsidiary of the London Stock Exchange, has appointed Suneel Bakhshi as its new chief executive. He will take up his new role in early 2014.

NYSE Liffe puts London derivatives ambitions on ICE

ICE Clear Europe will now handle NYSE Liffe's London derivatives

ICE Clear Europe is to begin clearing for NYSE Liffe’s London derivatives market on 1 July, marking the end of NYSE’s migration from LCH Clearnet, and the beginning of ICE’s integration with NYSE Euronext, which it purchased in December for $8.2 billion.

New London derivatives exchange set to open this week

charlotte-crosswell

Nasdaq OMX NLX , the new London market offering a range of both short-term interest rate and long-term interest rate euro- and sterling-denominated listed derivative products will launch this Friday following regulatory approval.

LCH.Clearnet records record activity as new OTC rules take effect

Regulations such as Dodd-Frank are increasing the bank compliance burden

Clearing house LCH. Clearnet has cleared $22 trillion notional of interest rate derivatives through its SwapClear service for buy-side clients, as market participants put in place the final preparations for the Dodd-Frank clearing deadline on 11 March.

@banking
techno