Arnaud Delestienne, Head of Eurobonds at Clearstream, commented:
This partnership demonstrates our continuous support for increased interoperability across the European post-trade landscape. Going forward, both LCH and Clearstream clients stand to benefit from operational risk reduction and increased market efficiency. This perfectly aligns with our services as issuer CSD, always offering best-in-class flexibility and investor reach.
Thilo Derenbach, Head of European Custody Product at Clearstream, said:
Connecting LCH to our custody offering for domestic markets is a milestone for us. This provides yet another building block for European investors in their efforts to consolidating their entire trade flows, CCP-cleared or not, within Clearstream. We look forward to onboarding further clearing houses to our network within the near future, helping market participants to benefit from efficiencies across European markets.
Alex Krunic, Head of Equities, LCH Ltd, commented:
We are pleased to be working with Clearstream to offer a choice of settlement venues for EquityClear’s clearing members. Our open access philosophy and customer partnership approach enables us to work with a number of different trading platforms and settlement venues to help drive efficiencies for the market as a whole.
The post Clearstream and LCH EquityClear team up for a new post-trade connection appeared first on LeapRate.
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