British exchange will launch margining with LCH.Clearnet Swapclear
The London Stock Exchange Group has said
it is in talks with a number of exchanges and trading venues
about using a new clearing service set to be launched by LSE
LCH.Clearnet said on Tuesday it will
launch in the next 12 months portfolio margining, a new service
that could dramatically cut the cost of trading interest rate
futures and swaps.
The pledge is interesting for exchanges,
electronic trading venues and their clients because it could
open up opportunities for swaps incumbents to move into futures
and vice versa.
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