LCH.Clearnet is set to develop the first multi asset derivatives clearing platform, Syn Alphapse Clearing Technology (Syn Alphapse). Syn Alphapse will be the only derivatives clearing platform with the capability of supporting all exchange traded and most OTC contracts.
Scalability Syn Alphapse will have the capacity to handle the smallest and largest exchangesSpeed to market the adaptability of the platform will enable some new contracts to be launched within a week and entire new exchanges from circa three monthsFlexibility – capable of handling diverse asset classes and a range of risk algorithms, Syn Alphapse will be tailored to suit each market’s needsEconomies of scale one platform, serving multiple markets, will enable exchanges to benefit from economies of scale
Syn Alphapse is being built with TCS Financial Solutions, part of Tata Consultancy Services (TCS). SynAlphapse’s underlying technology will be TCS’s financial software, TCS B AlphaNCS Market Infrastructure. LCH.Clearnet’s derivatives expertise will be leveraged to develop this into the most advanced derivatives clearing platform.
Syn Alphapse will give members the benefits of:
Simplified and replicated processes across markets reducing implementation and support costs.One consolidated platform with a single interfaceEnhanced reporting facilities, giving members greater control and flexibility to access and use the data they need
“There is real market demand for a robust yet flexible clearing solution for derivatives,” says Roger Liddell, group CEO, LCH.Clearnet .”Given TCS B NCS Market Infrastructure’s track record of resilience and our in-depth understanding of the derivative markets, Syn pse is set to become the market leading platform for a comprehensive range of derivatives.”
“TCS B AlphaNCS Market Infrastructure already underpins 7 clearing institutions and we are greatly looking forward to this exciting phase of its development,” says N. Ganapathy Subramaniam, president, Tata Consultancy Services.
D.C.