072406
BREAKING NEWS
LCH.Clearnet Kills GCS
LCH.Clearnet has officially put an end to its Generic Clearing System (GCS) project after a second review of the technology integration initiative.
LCH.Clearnet was the result of the 2003 merger between the London Clearing House (LCH) and Paris-based Clearnet. Initially conceived by LCH in 2002 before the merger, GCS was intended to replace LCH's disparate clearing systems. Last week, a new review of GCS found that the project "was not economically or technically viable, and
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