SIBOS NEWS: LCH.Clearnet Adopts TCS BaNCS Market Infrastructure

LCH.Clearnet, (London), Europe's largest clearinghouse, has selected TCS Financial Solutions' TCS BaNCS market infrastructure to provide the underlying technology for Synapse Clearing Technology (Synapse), LCH.Clearnet's multi-asset derivatives clearing platform.

TCS Financial Solutions, a strategic business unit of Tata Consultancy Services (Mumbai), will work with LCH.Clearnet to develop the TCS BaNCS Market Infrastructure into a flexible derivatives clearing platform to which new products and markets can be added quickly. Synapse will enable LCH.Clearnet to service multiple derivative markets through a common platform, over a common framework that accommodates specializations across multiple markets.

Peggy Bresnick Kendler has been a writer for 30 years. She has worked as an editor, publicist and school district technology coordinator. During the past decade, Bresnick Kendler has worked for UBM TechWeb on special financialservices technology-centered ... View Full Bio