FX is the latest addition to JP Morgan’s OTC clearing business as it looks to provide a platform across all assets.
The new account structure will allow buy-side clients to post collateral directly with the clearing house.
Deal gives Euronext members 10-years of clearing certainty.
ESMA could gain authority to declare CCPs of major systemic importance be established in EU to provide services.
Davie will run LCH's global OTC and listed rates derivatives clearing business, as well as the launch of SwapAgent.
Daniel Maguire will continue with role as global head of rates and FX derivatives as well as COO responsibilities.
Eurex and CME Group recorded record trading volumes in listed interest rate derivatives, while LCH saw record cleared swaps volumes.
LCH seeks to grant wider clearing access to buy-side CDS traders, a move which could boost liquidity.
The partnership will allow FirstRand Securities to complete the process of becoming a direct clearing member of LCH.
Clearing volumes for interest rate derivatives increased 25% over 2016, spurred by regulation and the migration to new cleared products.