View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
September 22, 2008updated 06 Sep 2016 3:02pm

LCH.Clearnet selects TCS BaNCS Market Infrastructure for derivatives clearing

TCS Financial Solutions, a business unit of Tata Consultancy Services, has announced that LCH.Clearnet selected TCS BaNCS Market Infrastructure to provide the underlying technology for Synapse, a multi-asset derivatives clearing platform of LCH.Clearnet.

By CBR Staff Writer

LCH.Clearnet is a European clearing house and an independent central counterparty. LCH.Clearnet will work with TCS to develop TCS BaNCS Market Infrastructure into the most advanced flexible derivatives clearing platform to which new products and markets can be added quickly, said TCS Financial.

TCS Financial claims that the Synapse will enable LCH.Clearnet to service multiple derivative markets through a common platform, over a common framework which accommodates specializations across multiple markets. The flexibility of the TCS BaNCS Market Infrastructure and capacity to handle multiple asset classes in a single solution makes it the ideal foundation on which to base a derivatives clearing platform.

Roger Liddell, CEO of LCH.Clearnet said: The functional resilience of TCS BaNCS, combined with our unparalleled understanding of financial derivative markets means Synapse will be a market leading clearing solution.

Ganapathy Subramaniam, president of TCS Financial Solutions, said: This implementation at LCH.Clearnet, Europe’s largest clearing house, demonstrates in particular our continuing leadership in the Depository Clearing Space. TCS BaNCS Market Infrastructure is a compelling solution and unique in its design.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.