Federal Register #SRLCH SA-2026-004

SEC Approval of LCH SA Liquidity Plan and Nasdaq MRX Connectivity Service Amendments

This opportunity centers on regulatory approval and operational changes in financial market infrastructure: - Government buyer: Securities and Exchange Commission (SEC), Division of Trading and Markets - OEMs and vendors mentioned: - LCH SA (Banque Centrale de Compensation), a clearing agency and affiliate of LCH Ltd - Nasdaq MRX, LLC - Products/services requested: - Implementation and maintenance of LCH SA's Liquidity Plan, covering liquidity risk management, stress testing, and monitoring - Amendment to Nasdaq MRX connectivity services, discontinuing certain fiber optic market data offerings and a Proximity-On-Demand service - Unique or notable requirements: - Comprehensive stress testing protocols for liquidity management - Due diligence on liquidity providers - Clear governance arrangements for liquidity risk - Discontinuation of specific market data connectivity services due to low demand and alternative vendor availability - No physical products, part numbers, or purchase quantities are specified; focus is on operational procedures and service amendments - OEMs are highlighted for their roles in clearing and market data services

Description

The Securities and Exchange Commission approved a proposed rule change submitted by LCH SA concerning its Liquidity Plan. The plan outlines principles and procedures for managing liquidity risk, including roles and responsibilities, sources and uses of liquidity, stress testing, and ongoing monitoring and management of liquidity needs. The plan aims to ensure LCH SA maintains sufficient liquidity to meet its financial obligations under normal and stressed conditions, supporting prompt and accurate clearance and settlement of securities transactions.

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