LSE said LCH.Clearnet saw growth in credit and currency derivatives clearing
The London Stock Exchange said its
clearing house LCH.Clearnet returned strong results in the
early part of the year but one of its derivatives markets saw
volumes collapse due to problems in Russia.
The LSE said LCH’s interest
rate swap compression service, which writes off legacy swap
positions from client balance sheets, eliminated $144 trillion
of swaps in the five months to the end of May, meaning the
value of swaps in LCH is $292 trillion, down 30% on the same
time last year.
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