LSE sets date for multiple CCP offering

SIX x-clear, the clearing division of Swiss exchange group SIX, will act as a central counterparty (CCP) for the London Stock Exchange (LSE) from Friday 12 December.
By None

SIX x-clear, the clearing division of Swiss exchange group SIX, will act as a central counterparty (CCP) for the London Stock Exchange (LSE) from Friday 12 December.

From Friday, market participants that execute trades on the LSE’s SETS order book will have the option of using SIX x-clear or existing clearer LCH.Clearnet for CCP services.

The LSE first reached an agreement with SIX x-Clear to allow it to clear the exchange’s trades back in May 2006. The exchange had originally intended to start offering the ability to clear through x-clear during the first half of 2007.

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