Tag: LCH.Clearnet

December 04, 2015 BY Maria Nikolova

LCH.Clearnet Chairman Lex Hoogduin joins LSE Board as non-exec director

Professor Lex Hoogduin, Chairman of LCH.Clearnet Group Limited, is joining the London Stock Exchange Group Plc (LON:LSE), as a non-executive director. Previous roles of Professor Hoogduin include that of Executive Director at De Nederlandsche Bank (DNB), where he served from January 2009 until July 2011. He has also held a set of economic advisory positions…

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November 18, 2015 BY Maria Nikolova

Markit's netting synchronisation service for cleared OTC derivatives goes live

Provider of financial information services Markit Ltd (NASDAQ:MRKT) on Tuesday announced the launch of a service designed to help banks automatically update their risk systems after netting and compression activity at their clearing houses. The service went live with LCH.Clearnet’s SwapClear and is due to expand to other clearing houses. Netting exposures within a clearing…

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October 20, 2015 BY Maria Nikolova

Citadel Securities joins LCH.Clearnet’s SwapClear as first non-bank member

Citadel Securities, an international market-maker across the equities, futures, options, treasuries, FX and swaps markets, today announced that Citadel Securities (Europe) Limited has joined interest rate derivatives clearing service LCH.Clearnet’s SwapClear as its first non-bank clearing member. Citadel Securities becoming the first non-bank clearing member of SwapClear comes after the recent launch of the firm’s…

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October 20, 2015 BY Maria Nikolova

Nodal Clear starts clearing Nodal Exchange contracts

Nodal Exchange, LLC on Monday announced the successful transition of 100% of the positions in Nodal Exchange contracts from the previous clearing house, LCH.Clearnet Limited, to Nodal Clear, LLC. Nodal Clear now functions as the central counterparty for all Nodal Exchange transactions. Twelve clearing members have been involved in the transition, which moved about 340…

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