Investment follows LSE’s decision to no longer sell its LCH. Clearnet SA business to Euronext.
Tag: LCH Clearnet
Hong Kong’s SFC grants LCH CCP status and allows it to provide automated trading services in the region.
Swaps clearing approval seen as major part of integration of LCH.Clearnet's Asian operations.
The service will allow cross-margining of interest rate swaps cleared at LCH and European rates futures cleared at Eurex.
Services such as portfolio compression have encouraged banks to stick to OTC derivatives as opposed to trading swap-futures products.
Switch trade activity could pick up when mandatory clearing for different firms comes into force.
The London-based CCP is the latest European clearer to increase its presence in Singapore.
Ex-JP Morgan director to head equities and cash markets development for LCH.Clearnet.
LCH.Clearnet continues to be a major source of growth for LSEG, according to pre-close statement.