LSEG today announced that LCH SA, its global clearing house based in Paris, has signed a cloud hosting agreement with OVHcloud, a global cloud provider offering hosting solutions. This agreement is intended to support enhanced operational resilience, strengthened security, greater scalability and velocity of change across LCH SA’s services.
The migration onto a SecNumCloud1 qualified solution marks a significant step in LCH SA’s digital transformation, supporting its fast growing, diversified and global businesses across asset classes. Under the agreement, OVHcloud will host some of LCH SA’s services, in compliance with applicable regulatory frameworks.
Corentine Poilvet Clédière, CEO, LCH SA, and Country Head, France, LSEG, said: ‘We are pleased to be leveraging trusted European cloud provider OVHcloud as part of LSEG’s cloud strategy. Modernising our infrastructure is a significant undertaking that LCH SA is proud to deliver. Using OVHcloud’s SecNumCloud qualified services will enable us to benefit from greater operational efficiency and the ability to further scale our fast-growing businesses.”
Octave Klaba, Chairman and CEO, OVHcloud, said: “LCH SA is a key provider of market infrastructure in Europe and across the global financial community. Our SecNumCloud qualified solution enables LCH SA to benefit from cutting-edge cloud technology while maintaining the highest level of security and control over their data within a robust regulatory framework.”
1 SecNumCloud is a security qualification issued by ANSSI, the French National Cybersecurity Agency
Contacts
LSEG Press Office
Harriet Leatherbarrow
Tel: +44 (0)20 7797 1222
Email: newsroom@lseg.com
Website: www.lseg.com
About LCH
LCH builds strong relationships with credit, digital asset derivatives, equity, fixed income, foreign exchange (FX) and rates market participants to help drive innovative performance and deliver best-in-class risk management.
As a clearing member or client, partnering with us helps you increase capital and operational efficiency, while navigating an expanding and complex set of cross-border regulations, thanks to our experience and expertise.
In partnership with our stakeholders, we have helped the market transition to central clearing and continue to introduce innovative enhancements. Choose from a variety of solutions such as compression; sponsored clearing; credit index options clearing; contracts for differences clearing; and digital asset derivatives clearing. Our focus on innovation and our uncompromising commitment to service delivery makes LCH, an LSEG business, the natural choice of some of the world’s leading market participants globally.
About LSEG
LSEG is a leading global financial markets infrastructure and data provider, playing a vital social and economic role in the world’s financial system.
With our open approach, trusted expertise and global scale, we enable the sustainable growth and stability of our customers and their communities. We are dedicated partners with extensive experience, deep knowledge and a worldwide presence in data and analytics; indices; capital formation; and trade execution, clearing and risk management across multiple asset classes.
LSEG is headquartered in the United Kingdom, with significant operations in 65 countries across EMEA, North America, Latin America and Asia Pacific. We employ over 26,000 people globally, more than half located in Asia Pacific.
LSEG’s ticker symbol is LSEG.
