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LCH.Clearnet and Chi-X Europe have signed a memorandum of understanding for the provision of central counterparty services by LCH.Clearnet to Chi-X Europe.
Chi-X Europe offers trading in the component stocks of 18 indices across 13 major European markets - a universe of over 900 stocks - as well as Exchange Traded Funds and Exchange Traded Commodities.
Wayne Eagle, Director Equity Services, LCH.Clearnet said; “We are focused upon supporting the European equities trading environment as it continues to evolve by providing a competitive, robust and efficient clearing service.”
Hirander Misra, COO, Chi-X Europe commented; “We believe that participants trading on Chi-X Europe should have a choice of central counterparty services to ensure competition and efficiency at the lowest possible frictional cost. LCH.Clearnet will be a welcome addition to our post trade service offering.”