European rates exchange was first to back the LCH announcement on Tuesday
Nasdaq NLX has become one of the first
exchanges to sign up to use the new portfolio margining service
unveiled on Tuesday by its clearing house LCH.Clearnet, an
announcement that could boost NLX.
Charlotte Crosswell, the NLX chief who was
one of the first to welcome the LCH.Clearnet statement on
Tuesday, said on Wednesday: "We have signed Heads of Terms to
participate in the LCH interest rates portfolio margining
service and are looking forward to finalising these."
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