In a timely coincidence to Department of Justices (DoJ)
comments surrounding vertical clearing models, LCH
Clearnets board met on February 6 to discuss the
possibility of clearing Project Rainbow, against the wishes
The 17-strong board failed to reach an agreement over whether
it should provide a clearing service to the proposed project
and will reconvene in several days time to further discuss the
The delicacy of whether the clearinghouse chooses to provide a
service to Rainbow has been triggered by Liffe leaning on LCH
Clearnet not to provide clearing to a group that will offer
rivalling contracts. Rainbow is understood to be in the process
of designing look-a-like Liffe products including sterling and
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.