LCH.Clearnet is Europeâs largest clearing house and a leading independent central counterparty. LCH.Clearnet will work with TCS to develop market leading TCS BÎ±NCS Market Infrastructure into the most advanced flexible derivatives clearing platform to which new products and markets can be added quickly.
SynÎ±pse 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 BÎ±NCS 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; âThe functional resilience of TCS BÎ±NCS, combined with our unparalleled understanding of financial derivative markets means SynÎ±pse will be a market leading clearing solution.â
âThis implementation at LCH.Clearnet, Europeâs largest clearing house, demonstrates in particular our continuing leadership in the Depository Clearing Space. TCS BÎ±NCS Market Infrastructure is a compelling solution and unique in its design," said N. Ganapathy Subramaniam, President, TCS Financial Solutions.