LCH.Clearnet is set to offer clearing services to NYSE BondMatch, a multilateral trading facility (MTF). The services will be offered from July 11, 2011.
The move will help participants reduce counterparty risk and benefit from straight-through processing efficiencies. NYSE BondMatch, owned and operated by NYSE Euronext, was built to meet the specifications issued by the Cassiopeia Committee in April 2010.
Click here for the release from LCH.Clearnet.