Friday February 4 2022
News Source: Global Exchanges
Focus: Derivative Market Segment
Type: General
Country: UK
London Stock Exchange (LSEG) has announced that it has welcomed LCH SwapAgent to open trading on its markets to celebrate the launch of the new service.
LCH SwapAgent is a new centralised service for the non-cleared derivatives market, designed to streamline and standardise the OTC derivatives market. The service extends LCH’s clearing infrastructure to the bilateral market, without requiring novation to a central counterparty. This ensures trades remain fully bilateral, while following a similar operational process to cleared trades.
The service is available for all market participants trading non-cleared OTC interest rate derivatives.
Click on the above link for further information
