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LCH.Clearnet is set to develop the first multi asset derivatives clearing platform named Synαpse. Synαpse will be the only derivatives clearing platform with the capability of supporting all exchange traded and most OTC contracts, the company states.
“Synαpse is set to become the market leading platform for a comprehensive range of derivatives”, Group CEO Roger Liddell said. “There is real market demand for a robust yet flexible clearing solution for derivatives.”
Synαpse will have the capacity to handle the world’s smallest and largest exchanges, and the adaptability of the platform will enable some new contracts to be launched within a week and entire new exchanges from circa three months