IM requirements at LCH ForexClear hit record high in Q2
Latest figures show a 32% increase quarter on quarter to $10.7bn
Required initial margin (IM) at LCH’s ForexClear surged 32% to $10.7 billion in the second quarter, marking a new record amount and eclipsing the previous high from six months earlier by 21.5%.
The majority – $9.4 billion – came from house accounts, reflecting a 30.7% increase compared with Q1. Client accounts under a gross margin regime saw IM jump 41.3% to $1.2 billion, while those allowed to net the requirements across multiple clients saw the figure rise 59.9% to $100 million.
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