Euronext also emphasized that its holdings in LCH SA were recorded at a carrying amount of €70.6 million as of the conclusion of 2022. The exchange group completed the acquisition of LCH SA in December 2017 through a share swap arrangement, wherein Euronext exchanged its 2.3% stake in LCH Group for an 11.1 percent stake…
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Corentine Poilvet-Clediere, Head of RepoClear, Collateral and Liquidity, LCH SA, said: It’s a great milestone to welcome CBA as the first Australian member of LCH SA. RepoClear SA has been gaining increasing traction in regions outside Europe, with members joining from Japan, Canada and now Australia. Banks such as CBA play a key role in…
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LCH services continued to support transitional to risk-free rates (RFRs) during the past year. SwapClear, LCH’s interest rates derivatives clearing service, converted more than $35 trillion of a notional in the fourth quarter of 2021. SwapAgent saw 10,186 trades in 2021, which represents a 489% year-on-year increase. RepoClear processed €195 trillion of nominal across 9.4…
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Isabelle Girolami, CEO LCH Ltd, commented: I am delighted Ivan is joining Christophe and I. He brings with him over 20 years of experience in equities within the industry and at LSEG. This is an exciting time for the group and I look forward to working with him to develop EquityClear further into new markets…
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Isabelle Girolami, CEO, LCH Ltd, said: I am delighted to welcome Rohit to LCH to lead our team in Asia. Rohit has extensive experience of the derivatives markets in Asia and across the world. Asia Pacific is a region of strategic growth and importance for LCH and I look forward to working with him and…
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The governor of the Bank of Korea suggested that cryptocurrency trades from South Korean citizens are a potential threat to the country’s financial system. Increased trading of virtual assets – known for their volatile pricing – is threatening to leave the nation’s financial system at risk of instability, according to the Governor of the Bank…
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Isabelle Girolami, the CEO of LCH Ltd, stated: I am delighted to welcome James to LCH as Head of ForexClear. He brings extensive experience of trading FX and leading global teams. He will be instrumental in driving continued growth and innovation at ForexClear, with a focus on expanding the deliverable FX and client clearing franchises.…
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Eventus Systems, Inc., a global provider of multi-asset class trade surveillance and market risk solutions, has announced that the firm experienced unprecedented growth in multiple areas in 2020, marking its strongest year to date in revenue and new client onboardings. The company has additional expansion plans for 2021, with deeper penetration in asset classes such…
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Logan Campbell, Global Head, FX Derivatives, Deutsche Bank said: Clearing non-deliverable FX options is a natural product extension to complement cleared non-deliverable forwards. This enables us to benefit from clearing a wider range of our non-deliverable FX products, reducing operational complexity and increasing capital efficiencies with the reduction of risk weighted assets possible through clearing.…
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Christophe Hémon, CEO, LCH SA, commented: We’re delighted to be extending our relationship with Euronext to offer clearing for Oslo Børs Derivatives Market. This is a significant step for us as we continue to expand the number of products and trading venues available to our clearing members. Øivind Amundsen, CEO of Oslo Børs, added: LCH…
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