Nasdaq Nordics Brings in LCH.Clearnet, SIX x-clear for Cash Equities Clearing
Central counterparties LCH.Clearnet and SIX x-clear to join EuroCCP in Nasdaq Nordic cash equities markets.
LCH.Clearnet and SIX x-clear will be introduced on November 23, 2015, and March 29, 2016, respectively, subject to regulatory approval, joining current clearing house EuroCCP in the Nasdaq Nordic cash equities markets.
"A competitive clearing model in cash equities will increase liquidity and lower investor costs," says Hans-Ole Jochumsen, president of global trading & market services at Nasdaq. "Introducing a choice of CCP for the benefit of trading members will fundamentally contribute to the long-term competitiveness of both the Nasdaq Nordic and European markets."
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