Post-trade veteran who had held roles with JP Morgan, Soc Gen and Citi departs from role at LCH.
The hedge fund executed its first trade on the FX clearing service with Citi acting as the clearing broker.
SwapClear, ForexClear and SwapAgent all saw record volumes at the start of this year.
Executives from LCH, SIX, EuroCCP and Eurex populated a panel at the PostTrade 360 event in Stockholm last week to discuss the current state of affairs in the UK and European clearing markets.
As part of the launch, BNP Paribas and JP Morgan become the first banks to provide client clearing of credit index options through CDSClear.
Regulators confirmed plans earlier this year to consult on the potential extension of a select few CCPs until the end of June 2025.
Follows the London Stock Exchange Group’s move to halt VTB Capital’s trading membership on 27 February.
Additional routes to clear European equities will offer users increased margining and settlement netting efficiencies.
Several LCH services reported record clearing volumes last year, including SwapClear, SwapAgent and RepoClear.
European securities regulator found that the risks associated with derecognising the Tier 2 central counterparties did not outweigh the benefits of keeping them in place.