Early supporter NLX got a £6m investment top-up from owner Nasdaq this week
The London Stock Exchange-owned clearing
house, LCH.Clearnet, is on track for an "early 2016" launch of
its highly-anticipated portfolio margining service, and is
currently running testing of the new offering.
Internal work on the project is underway,
with the service and related technology in testing with the
firm and clients, a spokesperson told FOW on Friday, with the
clearing house’s portfolio margining launch "on
track" for an early 2016 launch.
As reported by FOW, the clearing house
said in March that it was targeting a launch within 12 months,
with LCH later confirming that it would go live with the
service in the first quarter of 2016.
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