LCH Clearnet set to clear US trades
LCH Clearnet, Europe's largest derivatives clearing house, has won approval from the US Commodity Futures Trading Commission to clear financial futures and options contracts on US exchanges.
LCH has been able to clear OTC trades in the US since November 2001, when it became registered as a derivatives clearing organisation (DCO) there. The company is the only non-US-domiciled central counterparty to hold DCO status.
Clearing houses - or central counterparties - manage confirmation, delivery and
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