Following a controversial report regarding the costs of clearing OTC derivatives, Joe Parsons speaks to LCH's rates and FX boss over the future of central clearing.
CME will compete directly with LCH for clearing non-Yen interest rate swaps for Japanese banks,
MTF will go interoperable with extended clearing options which LCH and X-clear say will improve netting opportunities.
Banks will be able to offset margin calls for cleared interest rate swaps and listed futures.
Deal will see EuroCCP offer clearing on Euronext equity markets, with plans to launch fully interoperable model.
NLX will be the first exchange to utilise LCH's incoming portfolio margining service, Spider.
Differences in costs is driving the swaps clearing battle. Joe Parsons investigates if these costs could significantly increase between European clearers.
Maguire will now oversee LCH's global rates and FX derivatives businesses.
The rebrand comes 13 years after the London Clearing House and Clearnet merged.
LCH.Clearnet’s compression service continues to make progress