LSEG Technology implements new clearing platform for LCH’s EquityClear service

Maria Nikolova

EquityClear can now process trades on a real time basis with high throughput and low latency with LSEG Technology’s Millennium Clearing & Risk technology.

LSEG Technology, London Stock Exchange Group’s technology solutions provider, today announces the successful implementation of a new clearing platform for LCH’s EquityClear service. The risk management and trade processing platform offers a highly efficient, resilient and scalable solution for a variety of clearing, operations and risk management processes.

LSEG Technology’s innovative post trade technology offers zero touch straight through processing (STP) and parallel real time processing using hardware acceleration. The platform enables trades to be processed with high throughput and low latency with margin calculations done in real-time. The end of day processing time is significantly reduced, improving operational timeframes for all participants.

The platform delivered to LCH is configured to clear and risk manage 20 million trades (40 million trade sides) per day at a throughput of 1600 trades per second. The platform successfully processed EquityClear’s largest ever volumes processed with nearly 80 million trade sides cleared in the first five days of operation.

Alex Krunic, Head of Equities, LCH Ltd explains:

“EquityClear connects to 16 trading platforms and 19 CSDs across Europe so it was vital that implementation of the new platform was seamless and without any disruption for our members. The fact that the platform successfully processed EquityClear’s highest ever clearing volumes is a testament to the close collaboration between all parties to ensure a smooth transition.”

LSEG Technology delivers robust, scalable, high-performance technology including broker, exchange, market data, risk and collateral management, surveillance, clearing and settlement products to customers around the world. LSEG Technology’s market-leading trading and post-trade products, empowered with key patented technology, helps improve operational efficiencies for financial market infrastructure and financial services firms, which include London Stock Exchange, HKEX, Johannesburg Stock Exchange, Singapore Exchange and other markets worldwide.

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