Open Access. In Action.
Putting our partnership approach into practice.
For LSEG, Open Access is not just some theoretical concept. On the contrary, we can point to more and more practical initiatives that are setting investors and organisations free to choose where they list, trade, clear, settle and benchmark their products.
Here are some of the most recent developments:
LSEG and Boat Services launch new trade reporting solution
In June our Group and Boat Services Limited, the regulatory compliance specialist, announced the launch of TRADEcho, a new solution combining the two companies’ existing complementary trade reporting services. By early 2017 this will offer a more efficient single venue complementing LSEG’s MiFID and EMIR transaction reporting services offered through UnaVista.
In addition, TRADEcho will provide a single, multi-asset, pan-European reporting solution to help customers meet all of their MiFID II trade reporting obligations well ahead of MiFID II’s 2018 implementation.
Partnership the key as CurveGlobal venture approaches go-live
CurveGlobal, LSEG’s exciting new interest rate derivatives initative, will go operational in Q3 2016. Products will be traded on London Stock Exchange Derivatives Market, with LCH providing clearing services. The venture is designed to complement LCH Spider, our world class clearing house’s innovative portfolio margining service.
To launch CurveGlobal, our Group has come together with seven major dealer banks and the Chicago Board Options Exchange. With this ground breaking partnership underpinning it, the venture is projected to offer customers a highly competitive, lower cost offering in this market.
LCH Spider now weaving its margining magic
The launch in May of LCH Spider, our global clearing house’s portfolio margining tool for interest rate derivatives, has brought transformational opportunities to eligible members and clients in the form of reduced risk and increased capital efficiency.
LCH Spider is a fully automated service that analyses member and client portfolios and enables margin to be offset between OTC and listed interest rate derivatives. It is available on an open access basis to any trading venue that is connected to LCH and that lists suitably correlated interest rate derivatives.
ELITE continues its rapid expansion
In April ELITE, our innovative support programme for ambitious growth businesses, welcomed a total of 73 new companies. With the addition of companies based in Turkey and Bosnia & Herzegovina, ELITE now embraces more than 400 firms based in 23 countries.
In addition, Santander UK became an ELITE partner in April – joining a community that includes 150 advisors and 100 investors.
GATElab opens a risk gateway to NSE markets
GATElab, the LSEG-owned financial software company, has launched an ultra low latency service risk gateway giving third party clients access to the National Stock Exchange of India (NSE). It enables users to send orders to the NSE equity derivatives segment in less than 30 microseconds if all pre-trade risk checks are met.
Going forward GATElab expects to add more Asia-Pacific markets, reducing latency and increasing efficiencies for customers.
Oslo Børs extends its technology partnership with LSEG
In April Oslo Børs, the Norwegian stock exchange, extended its technology partnership with our Group for a further five years, effective from April 2017.
LSEG has provided the underlying technology for the Oslo Børs equity, fixed income and derivatives markets since 2009. The Oslo equity and fixed income markets migrated to Millennium Exchange in 2012, running on the same technology as LSEG’s own markets.
Singapore Exchange (SGX) goes live with Millennium PostTrade
In February MillenniumIT announced that it had successfully implemented its Millennium PostTrade™ real time clearing, settlement and depository platform to support SGX’s Central Depository Pte. Limited’s (CDP) business.
MillenniumPostTrade will enable CDP to achieve improved functionality, performance, flexibility and scalability.
FTSE Russell and CME Group link up on index derivatives
Under a licensing agreement announced in August 2015, CME Group, the world’s leading derivatives marketplace, has become a global partner for futures, options on futures and OTC cleared products on FTSE Russell indexes.
CME Group has already launched futures on several leading indexes including the Russell 1000, FTSE 100 and FTSE China 50; futures on the Russell 2000 will follow in 2017. Recognising FTSE Russell’s growing position both in the US market and globally, this partnership is offering investors access to some of the world’s most actively traded indexes.
CBOE tie-in provides real benefits for market participants
The Chicago Board Options Exchange (CBOE) offers the widest array of index option and volatility products in the world. Since early 2015, following a licensing agreement between CBOE and FTSE Russell, it has hosted trading in cash-settled options based on a range of leading FTSE Russell indexes.
This partnership not only expands the range of these indexes but provides new opportunities for investors in the hugely important US market. And in addition, LSEG and CBOE are collaborating on new index options and investor education globally.
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