The duo will focus on operational resilience, and improved security and scalability.
LSEG officials report that the company’s Paris-based clearing house, LCH SA, is working with cloud provider OVHcloud in an effort to support “enhanced operational resilience, strengthened security, greater scalability and velocity of change” for LCH SA’s services.
OVHcloud, also known as OVH Groupe SA, is based in Roubaix, France, and offers public and private cloud products, shared hosting, and dedicated server solutions in 140 countries worldwide, officials say. Founded in 1999, the company also offers domain name registration, telephony services, and Internet access.
For instance, the better security includes a move to SecNumCloud, a security qualification issued by the Agence Nationale de la Sécurité des Systèmes d’Information (ANSSI), the national cybersecurity agency for France.
“The migration onto a SecNumCloud1 qualified solution marks a significant step in LCH SA’s digital transformation … Under the agreement, OVHcloud will host some of LCH SA’s services, in compliance with applicable regulatory frameworks,” according to the announcement.
“Our SecNumCloud qualified solution enables LCH SA to benefit from cutting-edge cloud technology while maintaining the highest level of security and control over their data within a robust regulatory framework,” says Octave Klaba, chairman and CEO of OVHcloud, in a prepared statement.
The new alliance will help LCH SA modernize its infrastructure.
“Using OVHcloud’s SecNumCloud qualified services will enable us to benefit from greater operational efficiency and the ability to further scale our fast-growing businesses,” says Corentine Poilvet Clédière, CEO, LCH SA, and country head, France, LSEG, in a statement.
LCH has worked with a variety of credit, digital asset derivatives, equity, fixed income, foreign exchange (FX), and rates market participants, helping them transition to central clearing, officials say. The company offers solutions such as compression, sponsored clearing, credit index options clearing, contracts for differences clearing, and digital asset derivatives clearing.
Based in London, LSEG has operations in 65 countries across EMEA, North America, Latin America, and Asia Pacific.
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