NYSE terminates LCH Clearnet Agreement
NYSE Euronext confirmed that its London derivatives market, LIFFE Administration and Management (LIFFE) has now given formal notice of termination with respect to the services currently received from LCH.Clearnet Ltd under the Clearing Relationship Agreement to support NYSE Liffe Clearing, NYX's London-based derivatives clearing service.
Subject to regulatory approval, LIFFE intends to expand NYSE Liffe Clearing to commence functioning as a fully integrated Central Counterparty (CCP) -- NYSE Clearing - from the end of June 2013, including assuming responsibility for default management arrangements, Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, collateral and treasury activities and banking and payment systems.
In March this year, NYSE Euronext announced its clearing strategy and commitment to delivering significant operational and margin efficiencies for its clients by building out NYSE Clearing as a full service derivatives clearing platform. Today's announcement reaffirms the Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term's commitment to deliver a fully self-sufficient Central Counterparty from the end of June 2013.
Subject to further regulatory approval, following the start of operations of NYSE Clearing as a fully integrated CCP, NYSE Euronext intends to develop new arrangements for OTC clearing and migrate the clearing of the NYSE Liffe continental derivatives markets in Amsterdam, Brussels, Lisbon and Paris to the London based CCP. This will generate further benefits for customers in terms of capital and operational savings, and further synergies for NYX shareholders. Trading arrangements and regulatory oversight of the NYSE Liffe continental derivatives markets will remain unchanged. In addition, NYSE Euronext continues to work with LCH.Clearnet SA to establish a new long term clearing arrangement for its European regulated cash markets.
NYSE Euronext confirmed that its London derivatives market, LIFFE Administration and Management (LIFFE) has now given formal notice of termination with respect to the services currently received from LCH.Clearnet Ltd under the Clearing Relationship Agreement to support NYSE Liffe Clearing, NYX's London-based derivatives clearing service.
Subject to regulatory approval, LIFFE intends to expand NYSE Liffe Clearing to commence functioning as a fully integrated Central Counterparty (CCP) -- NYSE Clearing - from the end of June 2013, including assuming responsibility for default management arrangements, Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, collateral and treasury activities and banking and payment systems.
In March this year, NYSE Euronext announced its clearing strategy and commitment to delivering significant operational and margin efficiencies for its clients by building out NYSE Clearing as a full service derivatives clearing platform. Today's announcement reaffirms the Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term's commitment to deliver a fully self-sufficient Central Counterparty from the end of June 2013.
Subject to further regulatory approval, following the start of operations of NYSE Clearing as a fully integrated CCP, NYSE Euronext intends to develop new arrangements for OTC clearing and migrate the clearing of the NYSE Liffe continental derivatives markets in Amsterdam, Brussels, Lisbon and Paris to the London based CCP. This will generate further benefits for customers in terms of capital and operational savings, and further synergies for NYX shareholders. Trading arrangements and regulatory oversight of the NYSE Liffe continental derivatives markets will remain unchanged. In addition, NYSE Euronext continues to work with LCH.Clearnet SA to establish a new long term clearing arrangement for its European regulated cash markets.