LCH EquityClear Goes Live with New LSEG Technology Post Trade Platform

EquityClear can now process trades on a real time basis with high throughput and low latency

Photo: Reuters

London Stock Exchange Group’s technology solutions provider, LSEG Technology, announced today 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, according to the announcement.

“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 firm writes in the announcement.

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It explains that 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.

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The platform successfully processed EquityClear’s largest-ever volumes processed with nearly 80 million trade sides cleared in the first five days of operation, according to LSEG Technology.

Connecting to trading platforms across Europe

“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,” Ann Neidenbach, global head of LSEG Technology, said.

“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,” said Alex Krunic, head of equities at LCH.

LSEG Technology’s trading and post-trade products help 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.

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