Post Trade
The trades conducted on the LSE are cleared on LCH.Clearnet, which is mutually owned by some banks, Euronext as well as the London Metal Exchange.
Through the Exchange's Italian arm, Borsa Italiana, the London Stock Exchange Group as a whole offers clearing and settlement services for trades through CC&G (Cassa di Compensazione e Garanzia) and Monte Titoli. CC&G is the Groups Central Counterparty (CCP) and covers multiple asset classes throughout the Italian equity, derivatives and bond markets. CC&G also clears Turquoise derivatives. Monte Titoli (MT) is the pre-settlement, settlement, custody and asset services provider of the Group. MT operates both on-exchange and OTC trades with over 400 banks and brokers.
Read more about this topic: London Stock Exchange
Famous quotes containing the words post and/or trade:
“I can forgive even that wrong of wrongs,
Those undreamt accidents that have made me
Seeing that Fame has perished this long while,
Being but a part of ancient ceremony
Notorious, till all my priceless things
Are but a post the passing dogs defile.”
—William Butler Yeats (1865–1939)
“I look on trade and every mechanical craft as education also. But let me discriminate what is precious herein. There is in each of these works an act of invention, an intellectual step, or short series of steps taken; that act or step is the spiritual act; all the rest is mere repetition of the same a thousand times.”
—Ralph Waldo Emerson (1803–1882)