LCH
Clearing will grow, but co-exist with PB, panellists say
CCP fees need to come down, NDF clearing expected to grow, but structured products will remain the domain of prime brokers
e-FX Awards: LCH – Best Clearing Services Provider
LCH's ForexClear saw volumes surge after the first tier of bilateral margining rules entered into force in September
TriReduce hits $1 quadrillion in swaps compressions
Demand has been high as banks seek to lower exposures
Michael Davie returns to LCH to lead rates business
Davie takes over from Daniel Maguire, who became chief operating officer in April
New Change FX to supply mid-rates to LCH’s ForexClear
The mid-rate will be used for determining underlying spot rates at the point of expiry for FX options
CloudMargin hires two to expand sales and client base
The firm boosts its New York and London sales teams in the hope of attracting more sell-side business
LCH appoints Maguire as group COO
He will retain his responsibilities as global head of rates and FX derivatives as well
More options from LCH next year, as NDF volumes boom
LCH is voted the winner in the Best FX Clearing House category at the 2016 FX Week Best Banks Awards
LCH targets non-cleared market with radical new platform
Bilateral trades would be valued and margined using LCH swap curves
Banks warn prime brokerage clients of ‘material’ MVA costs
Some buy-siders are reassessing relationships as a result
ForexClear volumes to hit $300 billion in September
The 100% growth compared with August comes as dealers in both the US and Europe expect costs to rise
Traiana hires Choudhury to boost product team
Basu Choudhury, former head of product at LCH's ForexClear, moves to post-trade provider
Options clearing on track, says LCH's new head of FX
While options clearing is still in the pipeline, cleared NDFs peak
Wells heads to Digital Asset
Ex-LCH global head of forex joins Blythe Masters' distributed ledger venture
LCH appoints Maguire and Boyle in new roles
Daniel Maguire is the new global head of rates and FX derivatives, while former Goldman Sachs' Paddy Boyle takes up the role of head of FX product
Wells, Choudhury leave ForexClear, according to reports
Wells has been instrumental in building the service since 2011
Breaking down the barriers
With parts of the over-the-counter FX market acquiring exchange-style characteristics, the exchanges themselves are becoming more customised
Singapore grants LCH.Clearnet clearing house recognition
Clearing house expects tremendous demand once mandate kicks in
FX clearing to accelerate in 2016
ForexClear's Gavin Wells sees the drive towards greater capital efficiency gathering pace
LCH.Clearnet taps retired NY Fed VP for board post
Christine Cumming brings bank supervision and risk management knowledge to the role
LCH.Clearnet confirms 2016 for OTC FX options
The company is set to launch the service as the lowering of margin requirements will make clearing a cheaper option
First on-Sef NDF cleared by ForexClear
The LCH.Clearnet-owned platform clears the first on-Sef non-deliverable forward between Virtu and Societe Generale
CLS develops cleared FX settlement service with LCH.Clearnet
Designed specifically for central counterparties and cleared FX products, the service aims to minimise risk in the industry
LCH.Clearnet launches buy-side clearing of NDFs in Europe
Service copies the firm's US model