CLS says that asset managers are more focused on mitigating settlement risk as it sees uptake in clients using its CLSSettlement service.
Bank of America Merrill Lynch, JP Morgan and Standard Chartered are among the first financial institutions to clear the new derivatives at LCH.
DTCC gained approval back in 2013, along with counterparts Regis-TR, UnaVista, CME and ICE.
Regulators have agreed on measures to provide a “bridge over Brexit” for derivatives trading and clearing in the UK and US.
The introduction of Japanese funds onto the FX settlement service follows a multi-year effort to onboard the Japanese buy-side community to CLSSettlement.
Eurex Clearing and Bloomberg extend cooperation for interest rate swaps clearing.
Baillie Gifford has chosen software specialist corfinancial to help automate its post-trade processing and settlement.
ESMA has been making plans to prepare for a ‘no-deal’ scenario ahead of Brexit, with disruption to clearing being one of the biggest concerns.
Citi was the first US bank to offer client swap clearing through Eurex, and eight funds have joined Citi to use the service.
Capitolis launched its novation platform last year in partnership with major firms including Citi, HSBC, Brevan Howard and BlueCrest.