LCH.Clearnet has been selected to clear for NYSE Arca Europe, NYSE Euronexts pan-European multilateral trading facility (MTF), subject to regulatory approval.
Through its EquityClear service, LCH.Clearnet will clear blue-chip stocks traded by NYSE Arca Europe from 11 European countries. As the platform is fully integrated with NYSE Euronext, it combines the flexibility of an MTF with the global trading expertise of an exchange.
Wayne Eagle, Director Equity Services, LCH.Clearnet said; This selection by NYSE Arca Europe comes at a time of increased interest in interoperability among MTFs. This gives a choice of clearer and EquityClear, with its quality offering and competitive pricing, is well placed to capture the market share.
Virginie Saade, Head of NYSE Arca Europe said, “We believe in offering choice in clearing arrangements to our customers and, as a strong proponent of interoperability and the benefits it brings, we are delighted that LCH.Clearnet and EuroCCP will be co-operating together for the benefit of the customers of NYSE Arca Europe.”