The bank acted as the counterparty and settlement agent for the interest rate swaps trade by Singapore investment firm Dymon Asia.
Both buy- and sell-side firms agree the mandatory buy-in regime will have significant negative implications on Europe’s capital markets.
Despite the extension to comply with the final phase of the uncleared margin rules, major operational challenges remain for buy-side firms.
The record compression activity is up 71% from last year, with triReduce CLS FX compressing $4.9 trillion in the fourth quarter alone.
The EU authority’s new powers include increased oversight of third-country equivalence assessments working alongside the European Commission.
LCH SwapClear saw notional volumes surge 14% in 2019 to $1,229 trillion as it looks to retain the derivatives clearing market amid Brexit.
Japan’s FSA approves license for HKEX’s central counterparty subsidiary, OTC Clear, to provide post-trade services to banks in the region.
The launch of the platform marks the latest success for AccessFintech, which originated from JP Morgan’s FinTech incubator and went live just six months ago.
Cboe Global Markets will develop clearing and equity derivatives trading in Europe with its acquisition of EuroCCP.
Matthew Fetta joins LCH having spent ten years with hedge fund Citadel in New York.