LCH.Clearnet boosts cash equities clearing

LCH.Clearnet is to extend EquityClear, its European equities clearing service. From February 22, users of  UBS MTF (multilater trading facility) will be able to benefit from clearing via LCH.Clearnet. The global clearing house says the addition of the multilateral trading facility will build on the recent move to offer clearing services for Nasdaq Nordic’s cash equity markets in Denmark, Finland and Sweden, and Spanish equities on pan-European MTFs.

LCH.Clearnet notes that it has been clearing Nasdaq Nordic cash equity markets since November 23 2015. This has introduced a choice of central counterparty providers to the region and enables members to achieve greater efficiencies by consolidating their flows through one clearing house, it says.