Newedge offers clearing of interest rate swap and FX products, with credit default swaps (CDS) being added later this year. As the third largest futures commission merchant in the US, it also offers clients access to clearing via a UK entity.
Client collateral is held at the central
counterparties (CCPs) with a choice of segregation levels, including omnibus,
legally separated operationally co-mingled and individually segregated
accounts. With the replication of CCP methodologies, clients enjoy transparent
Existing cleared OTC
positions may be transferred to/from Newedge accounts and can be
compressed/netted at the CCPs at any time.
Newedge provides a
European market infrastructure regulation-compliant delegated reporting service
for all derivatives activity to help clients meet their transaction reporting
Newedge provides access to the major CCPs in Europe
and the US including LCH SwapClear, CME Group, Eurex, and ForexClear.
Reporting and analytics
The firm’s client portal, Pulse, provides a rich
suite of reports and analytics, alongside electronically dispatched reports in
a range of formats to suit.
Newedge will introduce a clearing service for CDS
later this year and continue to augment its cross-product margining