Investment Operations

LCH EquityClear Live with LSEG Post Trade Platform

  • EquityClear can now process trades on a real time basis with high throughput and low latency with LSEG Technology’s Millennium Clearing & Risk technology
  • Platform successfully processed all-time record equity clearing volumes in March
  • EquityClear connects to 16 trading platforms and 19 Central Securities Depositories (CSDs) across Europe, settling in 18 currencies

LSEG Technology, London Stock Exchange Group’s technology solutions provider, has confirmed that it has successfully implemented a new clearing platform for LCH’s EquityClear service. The technology provider said 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 company literature, LSEG Technology’s 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 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,” said Ann Neidenbach, Global Head of LSEG Technology.

According to LCH, the end of day processing time is significantly reduced, improving operational timeframes for all participants. The platform delivered to them is configured to clear and risk manage 20 million trades (40 million trade sides) per day at a throughput of 1600 trades per second, and successfully processed EquityClear’s largest ever volumes processed with nearly 80 million trade sides cleared in the first five days of operation.

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