LSEG announced that LCH SA, its global clearing house based in Paris, has signed a cloud hosting agreement with OVHcloud, a global cloud provider offering hosting solutions. This agreement is intended to support enhanced operational resilience, strengthened security, greater scalability and velocity of change across LCH SA’s services.
The migration onto a SecNumCloud qualified solution marks a significant step in LCH SA’s digital transformation, supporting its fast growing, diversified and global businesses across asset classes. SecNumCloud refers to a French cybersecurity certification for cloud providers. Under the agreement, OVHcloud will host some of LCH SA’s services, in compliance with applicable regulatory frameworks.
Corentine Poilvet Clédière, CEO of LCH SA, and country head for France at LSEG, said in a statement: “Modernising our infrastructure is a significant undertaking that LCH SA is proud to deliver. Using OVHcloud’s SecNumCloud qualified services will enable us to benefit from greater operational efficiency and the ability to further scale our fast-growing businesses.”
Octave Klaba, chair and CEO at OVHcloud, said in a statement: “LCH SA is a key provider of market infrastructure in Europe and across the global financial community. Our SecNumCloud qualified solution enables LCH SA to benefit from cutting-edge cloud technology while maintaining the highest level of security and control over their data within a robust regulatory framework.”