The difficulties and high costs of cross-border clearing arrangements have long been cited as among the principal barriers to more efficient cash equities trading in the EU.
But a number of developments show that competition and real change in clearing have put down strong roots.
Users of the London Stock Exchange will soon be able to choose between two clearing providers, LCH Clearnet and SIS X-clear, part of the mutually owned SWX group, for the clearing of their trades on the exchange.
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