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:
“To the old saying that man built the house but woman made of it a “home” might be added the modern supplement that woman accepted cooking as a chore but man has made of it a recreation.”
—Emily Post (1873–1960)
“People run away from the name subsidy. It is a subsidy. I am not afraid to call it so. It is paid for the purpose of giving a merchant marine to the whole country so that the trade of the whole country will be benefitted thereby, and the men running the ships will of course make a reasonable profit.... Unless we have a merchant marine, our navy if called upon for offensive or defensive work is going to be most defective.”
—William Howard Taft (1857–1930)