Service launched for over-the-counter FX trades, with plans to expand into all asset classes.
The DTCC’s Fixed Income Clearing Corporation subsidiary is now live and has executed its first trade between Citadel and Morgan Stanley.
The Commodity Futures Trading Commission approves CME’s application to clear OTC FX options.
New group will provide informal advice to European regulator.
The Governor for the Bank of England warned of higher costs but welcomed the European Commission’s proposal on tighter CCP supervision across the EU.
ESMA could gain authority to declare CCPs of major systemic importance be established in EU to provide services.
Davie will run LCH's global OTC and listed rates derivatives clearing business, as well as the launch of SwapAgent.
Bank says CCPs represent huge risk for market participants.
Head of ICE Benchmark services believes US could examine its own clearing arrangements in wake of Brexit move.
Industry association says enhanced supervision option should be explored by Europe.