LSEG’s tech arm deploys new clearing platform for LCH EquityClear

LSEG Technology, London Stock Exchange Group’s technology solutions provider, announced it’s successfully implemented a new clearing platform for LCH’s EquityClear service. EquityClear, which connects to 16 trading platforms and 19 Central Securities Depositories (CSDs) across Europe, settling in 18 currencies, can now process trades on a real-time basis with high throughput and low latency.

The risk management and trade processing platform 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. Ann Neidenbach, global head of LSEG Technology, said in a statement: “This was a complex project, requiring extensive planning to meet the challenges of safely delivering critical market infrastructure.”

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