R.J. O’Brien Limited (RJO Limited), is now approved as a general clearing member of EquityClear, the UK-based equities clearing service of LCH Limited, a leading global clearing house.
EquityClear enables members and their clients to clear cash equities and equity derivatives on exchanges and trading venues located throughout Europe. Compliant with the UK client asset segregation rules, EquityClear has an over-the-counter (OTC) equities contracts for difference (CFD) offering that strengthens transaction flow by bringing these traditionally bilateral OTC products onto a central clearing house.
Thomas Texier, Managing Director of RJO Limited, said: “This clearing membership further enhances our existing equities CFD offering for professional market participants. We can now offer our clients a broader array of choices and a centrally cleared option for these, with EquityClear’s extensive coverage of all the major single name equity markets. The equity products are a growing area for RJO in London and a source of additional diversification in the UK and the EMEA region. We are delighted to continue building upon the breadth of asset classes available to our clients.”
Bruce Kellaway, Global Head of RepoClear, EquityClear and Collateral, LCH, said: “We’re pleased that RJO Limited has chosen to become a clearing member of our EquityClear service. As part of our efforts to increase efficiencies and drive down risk for customers, we look forward to continuing to support the firm in its CFD clearing business.”