Post-Trade

The news aligns with increasing demand for regulated crypto derivatives products for institutional clients across the industry.  

The service launch follows a successful proof of concept involving 13 sell-side FX options desks.  

The ECB has confirmed that it will make both moves in Q1 2026. 

The TRADE sits down with Gary O’Brien, head of bank and broker segment strategy, securities services at BNP Paribas, to explore the upcoming shift to T+1 in Europe, how this may impact the industry, and look ahead to how this will align with further developments in the markets.  

The update aligns with taskforce recommendation to improve market readiness. 

With ValueExchange research in April revealing that 26% of firms surveyed indicated they would miss the target date, the UK Accelerated Settlement Taskforce is urging firms who have not begun preparing to do so now, reiterating that “rewards will be meaningful”.  

Through the move, the broader Industrial and Commercial Bank of China (ICBC) Group will have full access to LCH SwapClear’s multi-currency clearing capabilities as it looks to bolster its presence in the international derivatives market.

Individual previously spent more than 11 years at BTIG, most recently as a vice president for outsourced trading.