Taula Capital executive joins LSEG as group head of LCH SwapClear and listed rates
Incoming individual brings 25 years of industry experience to the role and has previously worked at Taula Capital and JP Morgan.
Incoming individual brings 25 years of industry experience to the role and has previously worked at Taula Capital and JP Morgan.
Development will make Marex the first non-bank FCM clearing member to offer client clearing services for interest rate swaps on LCH’s SwapClear service.
LSEG’s post-trade division, LCH SwapClear, successfully completed the second and the final conversion last week, following the first USD Libor conversion event last month.
Latest move comes as part of LCH’s goal to support the benchmark transition in the cleared and bilateral Nordic markets.
Citi, Goldman Sachs, HSBC, and JP Morgan are among the brokers supporting clearing of Israeli Shekel swaps at LCH SwapClear.
LCH SwapClear saw notional volumes surge 14% in 2019 to $1,229 trillion as it looks to retain the derivatives clearing market amid Brexit.
Matthew Fetta joins LCH having spent ten years with hedge fund Citadel in New York.
LCH SwapClear said it is the first clearing house to offer swaps benchmarked to the secured overnight financing rate (SOFR).
Banks are increasingly turning to compression to mitigate costs and risks, TriOptima said.
Susi de Verdelon has been appointed to lead SwapClear and listed rates at London clearinghouse LCH.