Industry news

LCH achieves a record year for volumes in 2018

LCH, a leading global clearing house, today announced that 2018 was a record year for volumes across its clearing services at LCH Ltd and LCH SA. Equities, fixed income, and OTC derivatives clearing services all surpassed 2017’s clearing activity. Increased volumes across both clearing houses has been driven by the roll-out of new products, and growth of client clearing.

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LCH SwapAgent completes its first swaption trade

Deutsche Bank and Nomura are counterparties to the first swaptions trades processed through LCH SwapAgent. Trades were brokered by ICAP as interdealer broker. LCH SwapAgent offers standardised infrastructure and efficiencies to the non-cleared derivatives market

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LCH receives licence to clear FX NDFs in Japan

Japanese Financial Services Agency approves LCH Ltd to clear FX Non-Deliverable Forwards for Japanese banks and clients. Builds on existing LCH licence to clear non-Yen OTC interest rate derivatives. Underlines LCH’s continued commitment to the Japanese market

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Japan Exchange Group live with Cinnober’s Clearing and Risk solutions

On February 13, Japan Exchange Group (JPX) successfully launched its new clearing system for exchange traded derivatives, based on Cinnober’s TRADExpress RealTime Clearing, and a CCP Risk solution. The JPX ETD derivatives market is operated by the Osaka Exchange (OSE) and cleared by the Japan Securities Clearing Corporation (JSCC), both part of JPX.

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FCA explores creation of global sandbox

The UK's Financial Conduct Authority is looking into the creation of a global regulatory sandbox, enabling fintech firms to carry out tests in different countries at the same time and helping watchdogs to identify and solve common cross-border problems.

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