The London Stock Exchange (LSE) has been awarded a contract by Austrian capital market infrastructure provider OeKB to launch a technology clearing platform. The product will clear technology services for a new cross-market central counterparty (CCP) mechanism for Central and Eastern European (CEE) capital markets.
The new platform, CCP.CEE, will facilitate standardized cross-regional clearing in the region, initially in Vienna, Prague, Ljubljana and Budapest. The platform, which is developed by technology provider MillenniumIT, will begin its roll out in Vienna in mid-2012.
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