EU to recognise LCH, ICE Clear Europe and LME Clear as third country CCPs
Three UK clearing houses will be recognised as third country CCPs under EMIR while the European Commission’s temporary equivalence decision is in place.
Post-Trade
LCH launches clearing of ESG index series via CDSClear
The iTraxx MSCI ESG Screened Europe Index went live for trading in June is now being cleared by LCH CDSClear.
MarketAxess snaps up regulatory reporting business from Deutsche Börse
The regulatory reporting hub at Deutsche Börse marks the latest in a string of acquisitions for MarketAxess.
CloudMargin secures $15 million from Citi, Deutsche Bank, and Deutsche Börse
Primary investors Citi, Deutsche Bank, and Deutsche Börse raised $15 million for CloudMargin in its largest funding round to date.
European Commission confirms 18-month equivalence for UK CCPs
After confirming plans to adopt a time-limited equivalence decision in July, the European Commission has said equivalence for UK CCPs will now end in mid-2022.
LCH clears first Israeli Shekel-denominated derivatives with Citi
Citi, Goldman Sachs, HSBC, and JP Morgan are among the brokers supporting clearing of Israeli Shekel swaps at LCH SwapClear.
Saudi stock exchange launches derivatives market and clearinghouse with Nasdaq
The new derivatives market and clearinghouse from the Saudi exchange group Tadawul will run on market technology from Nasdaq.
Cappitech completes first porting of CME trade reporting data
The vendor-led porting covered all relevant trade reporting data from CME following the announcement that it would be transitioning out of the market as a repository.
NatWest joins FX novation platform Capitolis amid record volumes
Capitolis has seen record transaction volumes of $417 billion in the second quarter of 2020 on its FX options novations platform.
Goldman Sachs offers client clearing via LCH ForexClear
Investment bank Goldman Sachs will provide client clearing through LCH ForexClear’s FCM and international clearing broker model.