EuroCCP to Clear LSE Trades
EuroCCP will be allowed to clear and net trades on the LSE, the first of Europe's national exchanges to open its trade feeds to competitive clearing by three interoperating CCPs, eventually reducing settlement fees and collateral and post-trade complexity.
"Many market participants have been waiting to have more choice in where they clear trades executed on the London Stock Exchange," says Diana Chan, CEO of EuroCCP. "The addition of EuroCCP to the central counterparties already available will bring the benefits of more competition together with reduced costs."
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