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06 May 2009

LCH.Clearnet Chi-X Europe sign MOU on CCP services


LCH.Clearnet and Chi-X Europe have signed a memorandum of understanding for the provision of central counterparty services by LCH.Clearnet to Chi-X Europe.

LCH.Clearnet and Chi-X Europe have signed a memorandum of understanding for the provision of central counterparty services by LCH.Clearnet to Chi-X Europe.

 

Chi-X Europe offers trading in the component stocks of 18 indices across 13 major European markets - a universe of over 900 stocks - as well as Exchange Traded Funds and Exchange Traded Commodities.

 

Wayne Eagle, Director Equity Services, LCH.Clearnet said; “We are focused upon supporting the European equities trading environment as it continues to evolve by providing a competitive, robust and efficient clearing service.” 

 

Hirander Misra, COO, Chi-X Europe commented; “We believe that participants trading on Chi-X Europe should have a choice of central counterparty services to ensure competition and efficiency at the lowest possible frictional cost. LCH.Clearnet will be a welcome addition to our post trade service offering.”

 

Full press release

 



© LCH.Clearnet


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