New head of Asia Pacific at LCH joins the clearinghouse after nearly ten years at Citi most recently as head of OTC clearing and FX prime brokerage.
LCH has added Hana Bank as the first Korean bank to offer client clearing through ForexClear for FX derivatives.
The SARON/SOFR cross-currency basis swap between the two banks took place at LCH SwapAgent and was brokered by Gottex.
Early supporter of sponsored clearing at LCH RepoClear Insight Investment has already gone live with additional funds as model is extended.
Clearinghouse LCH will provide clearing for the Euronext Growth Oslo Market through its EquityClear service from 28 June.
Baton Systems and LCH confirmed that JP Morgan will be the first participant to manage its collateral at LCH using the newly integrated shared permissions ledger platform.
The open access regime for exchange traded derivatives will be scrapped in the UK but it will continue to support the regime for the equity and OTC derivatives markets.
After launching client clearing at ForexClear, Barclays was the first bank to process a client trade through LCH’s international clearing broker model.
Martin Pluves joined the FMSB in 2019 and will remain in his role until the Spring to ensure an orderly transition.