CME will compete directly with LCH for clearing non-Yen interest rate swaps for Japanese banks,
Market participants have called for clearing houses to up the amount of capital they put aside in the case of member defaults.
MTF will go interoperable with extended clearing options which LCH and X-clear say will improve netting opportunities.
Banks will be able to offset margin calls for cleared interest rate swaps and listed futures.
Former CEO, Philippe Chambadal, to focus on reference data and fees management utilities “in anticipation of upcoming acquisitions.’
Deal will see EuroCCP offer clearing on Euronext equity markets, with plans to launch fully interoperable model.
Negative rates in Europe have hit demand for repo and securities finance products.
Differences in costs is driving the swaps clearing battle. Joe Parsons investigates if these costs could significantly increase between European clearers.
Maguire will now oversee LCH's global rates and FX derivatives businesses.
DTCC's Jennis said use of the utility won't take off until after the start of the margin requirements.