Today, Monday December 6th 2010 marks the day that the LME and LCH.Clearnet have successfully launched their new OTC clearing platform.
In spite of some delays last weekend, it seems all the gliches have been worked out as everything appears to be running smoothly.
The new platform enables a higher capacity and greater scalability, making it more efficient when connecting to numerous new platforms. One platform will now be able to service many high scale markets in a more accurate and cost effective manner while providing an even better secured environment.
You can read the offical press release here;