London-based clearing house wants to cross margin German bond futures
The London Stock Exchange’s
clearing house could extend its nascent margin service to
include German bond futures later this year or early in 2017
subject to regulatory approval, a delivery that would help the
LSE’s CurveGlobal and Nasdaq’s NLX
LSE-owned LCH has made in recent weeks an
application to its regulatory the Bank of England for approval
to extend its LCH Spider margining service, which currently
supports short-term interest rate derivatives, to also support
longer-dated German bond futures, according to sources.
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