Tag: FX clearing

June 22, 2018 BY LeapRate Staff

LCH SwapClear receives recognition as a central counterparty in Mexico

Global clearing house LCH has announced that it has obtained recognition as a central counterparty from the Banco de México. The recognition for LCH’s SwapClear Service is effective from June 22, 2018 and provides a greater choice of CCPs to those participants affected by the Mexican clearing mandate. With this recognition, LCH can expand clearing…

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Daniel Maguire LCH
October 18, 2017 BY LeapRate Staff

LCH promotes Daniel Maguire to CEO, replacing Suneel Bakhshi

Multi asset global clearing house LCH has announced that Daniel Maguire (pictured above) has been appointed as Chief Executive Officer of LCH Group, with immediate effect. The appointment follows Suneel Bakhshi’s decision, earlier this summer, to step down from his role as Chief Executive Officer of LCH Group after four years in the role. The…

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August 18, 2016 BY LeapRate Staff

Clearing FX trades, distributed ledger technology and a contest for brokers: interview with FXCH's Franck Mikulecz

LeapRate Exclusive Interview... Retail Forex brokers are typically the ones running contests for their clients (and to attract new clients). However it came to our attention that someone is running a contest for the Retail Forex brokers: new Ireland-based FX central clearing provider FXCH. FXCH is a new approach to Spot FX clearing, settling trades utilizing…

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February 25, 2016 BY LeapRate Staff

CLS names Alan Marquard as Chief Strategy and Development Officer

FX clearing and settlement giant CLS Group today announced the appointment of Alan Marquard to lead CLS’s new Corporate Strategy and Development division. Alan is based in London and reports to David Puth, Chief Executive Officer of CLS. This division was created to align CLS’s Product and Relationship Management teams more closely with CLS’s strategy…

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March 27, 2014 BY Gerald Segal

London creates Renminbi clearing bank with China’s blessing

BoE and PBOC agree on renminbi clearing and settlement in the UK The bank to be named for clearing and settlement has yet to be determined according to Reuters. A clearing bank is considered a politically sensitive subject in China, and is usually a domestic entity, with Bank of China and ICBC seen as the…

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November 07, 2013 BY Gerald Segal

LCH.Clearnet launches buy-side clearing of FX derivatives

The new service will initially offer FX NDFs out to two years for buy-side clients, via three FCMs. Clearing specialist LCH.Clearnet announced today that it is expanding its ForexClear FX derivatives clearing service with the launch of a new offering for buy-side clients. ForexClear is now available to buy-side clients through one of three Futures Commission…

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October 09, 2013 BY Gerald Segal

CFH Clearing launches ClearVision suite of broker tools

ClearVision tools allow brokers to deal with multiple trading platforms, liquidity providers, back office systems and risk books. Institutional FX broker CFH Clearing has announced the launch of a new suite of products called ClearVision, aimed at providing brokers with a combination of Prime of Prime interbank liquidity and state of the art, sophisticated trading technology.…

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