Tag: LCH.Clearnet

T+2 in Europe: move along, nothing to see

The European CSDs Association (ECSDA) has published a very clear analysis of what happened when the European markets moved to T+2 settlement. The short answer is: Nothing. In most markets settlement performance continued unchanged or even improved during over the

Posted in CCP, Clearing & Settlement, CSD Tagged with: , ,

Shortening the settlement cycle from T+3 to T+2

The majority of European securities markets will shorten their settlement cycles by one day from 6 October, moving from T+3 settlement to T+2. Germany already settles on T+2. In Spain the fixed income market will move on 6 October, but

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Are the authorities serious about competition in financial markets?

The news that Deutsche Borse and NYSE Euronext have today notified their proposed merger to the European merger authorities starts a critical decision-making process for financial markets. It comes at a point when the approach to competition seems mixed. On

Posted in CCP, Exchanges Tagged with: , , , , , , , ,

A fight for LIFFE?

Much of the debate surrounding the current competing bids for NYSE Euronext from Deutsche Börse and Nasdaq/ICE has concentrated on the equities business. But from the point of view of London, what really matters is the future of LIFFE, its

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NYSE Euronext and LCH.Clearnet: some observations

NYSE Euronext has announced that it intends to spend $60 million to build two new clearing houses, in London and Paris, to be operational by the end of 2012, bringing in-house the clearing of cash and derivative contracts currently undertaken

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