Cash equity clearing to commence by LCH on SIGMA X MTF at the start of July.
Leading multi-asset class Clearing House LCH Ltd announced today that it will begin clearing on Goldman Sachs' SIGMA X MTF starting in July this year, which will enable LCH’s EquityClear service to offer clearing across 17 inter-operable equities trading venues within Europe, as per a company statement regarding the plans.
Goldman Sachs’ Head of Market Structure for EMEA Equities, David Shrimpton - who previously served as COO for SIGMA X MTF - commented in the announcement: “We continue to enhance SIGMA X MTF to meet the future needs of our clients and trading participants as the equities trading model evolves ahead of MiFID II implementation."
Mr. Shrimpton added: "Interoperability is a key part of the post-trade market infrastructure and we’re pleased to offer a choice of CCPs for SIGMA X MTF."
As a result of the planned expansion, users of multiple trading venues will be able to concentrate their trading activity through one clearing house, which LCH highlighted in its announcement regarding the news.
Cécile Nagel, Global Head of Equities and Commodities at LCH, added in the company statement: “This is a real milestone for EquityClear. We’re proud to be clearing for SIGMA X MTF and this latest addition builds on the significant extension of market and venue coverage we’ve achieved in the past 18 months."
Mrs. Nagel added: "Open access is at the heart of LCH’s business model and our equities clearing members can benefit from further cost and operational efficiency as well as improved Risk Management by consolidating their activity into one CCP.”
Year-over-year, LCH saw an uptick as 30% of its volumes increased compared to Q1 2015, and the increase was partly attributed to a trend of clearing members consolidating their cash equities clearing through a single central counterparty (CCP) – in addition to recent venues that were added which helped lift volumes during Q1 2016.
Leading multi-asset class Clearing House LCH Ltd announced today that it will begin clearing on Goldman Sachs' SIGMA X MTF starting in July this year, which will enable LCH’s EquityClear service to offer clearing across 17 inter-operable equities trading venues within Europe, as per a company statement regarding the plans.
Goldman Sachs’ Head of Market Structure for EMEA Equities, David Shrimpton - who previously served as COO for SIGMA X MTF - commented in the announcement: “We continue to enhance SIGMA X MTF to meet the future needs of our clients and trading participants as the equities trading model evolves ahead of MiFID II implementation."
Mr. Shrimpton added: "Interoperability is a key part of the post-trade market infrastructure and we’re pleased to offer a choice of CCPs for SIGMA X MTF."
As a result of the planned expansion, users of multiple trading venues will be able to concentrate their trading activity through one clearing house, which LCH highlighted in its announcement regarding the news.
Cécile Nagel, Global Head of Equities and Commodities at LCH, added in the company statement: “This is a real milestone for EquityClear. We’re proud to be clearing for SIGMA X MTF and this latest addition builds on the significant extension of market and venue coverage we’ve achieved in the past 18 months."
Mrs. Nagel added: "Open access is at the heart of LCH’s business model and our equities clearing members can benefit from further cost and operational efficiency as well as improved Risk Management by consolidating their activity into one CCP.”
Year-over-year, LCH saw an uptick as 30% of its volumes increased compared to Q1 2015, and the increase was partly attributed to a trend of clearing members consolidating their cash equities clearing through a single central counterparty (CCP) – in addition to recent venues that were added which helped lift volumes during Q1 2016.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
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Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
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