Email Contact Phone Company Visit Website

Tata Consultancy Services Ltd - HQ Office Head Office

L-Centre, Plot No.78, 79 & 83EPIP Industrial Area, WhitefieldPhone: +91 806725 3000Email: [email protected]
Bangalore
Karnataka
IN

Tata Consultancy Services NY Office

1, World Financial Center, 21st floorEmail: [email protected]
New York
NY
US

Tata Consultancy Services London Office

33, Grosvenor Place
London
GB

Telephone

91.(22)5550.9999 mobile 0091.9821.304.062

Contact

Girijesh Agarwal
[email protected]
Back to all TCS Financial Solutions announcements

Europe’s largest clearing house, LCH.Clearnet, adopts TCS BαNCS Market Infrastructure as basis for next generation Derivatives Clearing

TCS Financial Solutions, a strategic business unit of Tata Consultancy Services (TCS), (BSE: TCS.BO, NSE: TCS.NS) dedicated to providing business application solutions to the banking, insurance and capital markets industries, announced today the decision by LCH.Clearnet to select TCS BαNCS Market Infrastructure to provide the underlying technology for Synαpse Clearing Technology (Synαpse), LCH.Clearnet’s multi-asset derivatives clearing platform.

LCH.Clearnet is Europe’s largest clearing house and a leading independent central counterparty. LCH.Clearnet will work with TCS to develop market leading TCS BαNCS Market Infrastructure into the most advanced flexible derivatives clearing platform to which new products and markets can be added quickly.

Synαpse will enable LCH.Clearnet to service multiple derivative markets through a common platform, over a common framework which accommodates specializations across multiple markets.

The unique flexibility of the TCS BαNCS Market Infrastructure and capacity to handle multiple asset classes in a single solution makes it the ideal foundation on which to base a world-class derivatives clearing platform.

Roger Liddell, CEO LCH.Clearnet said; “The functional resilience of TCS BαNCS, combined with our unparalleled understanding of financial derivative markets means Synαpse will be a market leading clearing solution.”

“This implementation at LCH.Clearnet, Europe’s largest clearing house, demonstrates in particular our continuing leadership in the Depository Clearing Space. TCS BαNCS Market Infrastructure is a compelling solution and unique in its design," said N. Ganapathy Subramaniam, President, TCS Financial Solutions.