LCH, a leading global clearing house, has partnered with with capital markets software firm genesis to design, build and implement three new solutions: automating workflows for its ForexClear service, a CDS option electronic exercise platform for CDSClear, and member/client web portals for SwapClear.
The ForexClear platform was in need of improving its capacity to support increased volumes. Workflow automation designed by genesis allowed just that, with a streamlined solution to automate the FX ‘option expiry’ process. genesis’ domain knowledge and microservices technology framework – enabling fast and agile software development – was also selected to help develop the exercise and expiry service for ForexClear. The first iteration was developed and deployed into User Acceptance Testing (UAT) within weeks. The solution is now fully integrated within LCH’s production environment.
James Harrison, Chief Operating Officer of genesis, said: “We are very excited and privileged to work with such a prestigious client as LCH. This was a truly collaborative and blended effort between the LCH and genesis’ teams and we are very proud that we were able to support LCH and deliver exceptional products both ahead of time and within budget. We look forward to innovating with LCH to develop future products that will ultimately help scale the business.”