London exchange has been working on a secret futures project
The London Stock Exchange has signed up to
use the portfolio margining service announced by its clearing
subsidiary LCH.Clearnet, sending its strongest hint yet that
the British group is finally about to unveil its new futures
The LSE Group said in a statement on
Thursday: "LSEG confirms it has signed Heads of Terms to
participate in the LCH.Clearnet interest rates portfolio
margining service. LSEG looks forward to working on this new
The LSE does not currently support
interest rate futures trading so Thursday’s
announcement that it plans to use LCH’s planned
interest rates futures clearing service is a clear indication
it will move into rates trading in the near future.
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