LCH SA to offer clearing for Oslo B酶rs derivatives market
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LCH SA to offer clearing for Oslo B酶rs derivatives market 14 December 2020Norway Reporter: Natalie Turner
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LCH SA is now offering clearing services for financial derivatives listed on Oslo B酶rs (OSE) derivatives market.
OSE is Norway鈥檚 only regulated markets for securities trading including equities, derivatives and fixed income instruments.
Following the migration, five additional members trading financial derivatives on OSE are able to access the risk management benefits of clearing at LCH SA, with two existing clearing members extending their membership to clear the Oslo market.
The appointment of LCH SA as the OSE clearing house follows Euronext鈥檚 acquisition of the exchange in 2019.
The existing members of LCH SA鈥檚 listed derivatives clearing service are able to extend their existing memberships to include trading activity at OSE.
鈥淲e鈥檙e delighted to be extending our relationship with Euronext to offer clearing for the OSE derivatives market," says Christophe H茅mon, CEO of LCH SA. "This is a significant step for us as we continue to expand the number of products and trading venues available to our clearing members.鈥�
脴ivind Amundsen, CEO of Oslo B酶rs, adds: 鈥淐onnecting to LCH SA will support the growth of our membership base, by onboarding a more diverse set of member firms.鈥�
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