LCH EquityClear Implements New Platform


EquityClear can now process trades on a real time basis with high throughput and low latency with LSEG Technology’s Millennium Clearing & Risk technology

  • Platform successfully processed all-time record equity clearing volumes in March
  • EquityClear connects to 16 trading platforms and 19 Central Securities Depositories (CSDs) across Europe, settling in 18 currencies

LSEG Technology, London Stock Exchange Group’s technology solutions provider, announces that it has successfully implemented a new clearing platform for LCH’s EquityClear service. The risk management and trade processing platform offers a highly efficient, resilient and scalable solution for a variety of clearing, operations and risk management processes.

LSEG Technology’s innovative post trade technology offers zero touch straight through processing (STP) and parallel real time processing using hardware acceleration. The platform enables trades to be processed with high throughput and low latency with margin calculations done in real-time. The end of day processing time is significantly reduced, improving operational timeframes for all participants. The platform delivered to LCH 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:
“We are delighted to have successfully implemented LSEG Technology’s post trade platform for LCH’s EquityClear service, delivering cutting edge risk management tools with zero touch STP and real time processing. The platform is designed to be scalable, highly efficient and resilient. This was a complex project, requiring extensive planning to meet the challenges of safely delivering critical market infrastructure.”

Alex Krunic, Head of Equities, LCH Ltd said:
“With the migration to the Millennium Clearing & Risk platform, LCH EquityClear is demonstrating its commitment to our members and the market by investing in a state-of-the-art resilient technology platform. The platform offers next generation clearing, operations and risk functionality for EquityClear, increasing operational efficiencies and enabling enhanced risk management for the service.

“EquityClear connects to 16 trading platforms and 19 CSDs across Europe so it was vital that implementation of the new platform was seamless and without any disruption for our members. The fact that the platform successfully processed EquityClear’s highest ever clearing volumes is a testament to the close collaboration between all parties to ensure a smooth transition.”

LSEG Technology delivers robust, scalable, high-performance technology including broker, exchange, market data, risk and collateral management, surveillance, clearing and settlement products to customers around the world. LSEG Technology’s market-leading trading and post-trade products, empowered with key patented technology, helps improve operational efficiencies for financial market infrastructure and financial services firms, which include London Stock Exchange, HKEX, Johannesburg Stock Exchange, Singapore Exchange and other markets worldwide.

Source: LSEG

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