Oslo Børs, the Nordic exchange, and LCH.Clearnet Ltd (LCH.Clearnet), the global clearing house, today announced that LCH.Clearnet is now clearing listed securities on Oslo Børs and Oslo Axess.
Through its EquityClear service, LCH.Clearnet now provides clearing for equities, including ETFs, listed on Oslo Børs and Oslo Axess on an interoperable basis with incumbent clearing house, Oslo Clearing.
Alberto Pravettoni, Global Head of Repo and Exchanges at LCH.Clearnet said: “This agreement with Oslo Børs is another example of our long-standing commitment to interoperability across the European equities market. Clearing members will benefit from margin off-sets, reduced settlement cost through cross exchange netting and access to our first class risk management and highly competitive pricing structure.”
Tom Kristoffersen, Senior Vice President, Client Relations Secondary Market at Oslo Børs said: “Oslo Børs recognises that many market participants want to see consolidation in European equities clearing and be able to choose the clearing house that best meets their requirements. We are delighted that LCH.Clearnet and Oslo Clearing will be working together for the benefit of our customers.”
