The London-based clearing house launched LCH Spider on Monday May 23
LCH Spider, the portfolio margining
service that launched on Monday, currently has no live users
but expects to see its largest clients move across to the
nascent platform over the coming months.
Nine investment banks that are members of
both rates platform Nasdaq NLX and LCH-operated SwapClear, a
pre-condition of using LCH Spider, are said to have completed
their Spider testing late last year and are now preparing to go
live on the new margining service.
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