LCH
Liffe to clear credit derivatives in Q4
London-based derivatives exchange Liffe will begin clearing contracts linked to the Markit iTraxx indexes of European credit default swaps (CDSs) during the fourth quarter of 2008.
Ice to form London-based clearing house
The Atlanta-based Intercontinental Exchange (Ice) plans to set up a European clearing house based in London.
LCH.Clearnet chief Hardy resigns
David Hardy, chief executive of the London-based clearing house LCH.Clearnet, resigned yesterday, just two months after the departure of the company’s chairman, Gérard de la Martinière.
BaFin eases clearing house restrictions
BaFin, the German regulator, has removed a requirement for financial institutions to hold capital against transactions with swaps clearing counterparties – a rule that had threatened German banks' use of SwapClear.
IPE relaunches UK power futures
The International Petroleum Exchange (IPE), the London-based energy futures and options exchange, will relaunch UK baseload and peakload electricity futures contracts on September 14. Meanwhile, London-based clearing house LCH Clearnet yesterday cleared…
LCH wins LSE clearing contract
The London Stock Exchange (LSE) has signed a new clearing services agreement with the London Clearing House (LCH), bringing to an end a period of intense competition with Eurex for the contract.
The derivatives burden
Exchanges
Online clearing: the shape of energy markets to come
The energy trading market is moving towards a structure in which participants achieve market presence through a dedicated market network, rather than having to use local or regional exchanges, says strategic consultant Chris Cook
LSE moves to offer new equity derivatives services
The London Stock Exchange (LSE) plans to buy OM London Exchange and will rename the company EDX London. The move is part of a bid by the LSE to improve efficiency and risk management in the equity derivatives business.
LCH selects onExchange for OTC electricity clearing
Financial technology firm onExchange has signed up with the London Clearing House (LCH) to provide clearing for over-the-counter electricity contracts on the soon-to-be-launched European Energy Derivatives Exchange (Endex).
Ice to launch clearing for UK natural gas
Energy trading platform IntercontinentalExchange (Ice) is to begin clearing its UK over-the-counter natural gas contract on September 12.
LCH sees notionals hit €168 trillion
Central counterparty the London Clearing House (LCH) reported record volumes and notionals last year, seeing contracts cleared up by 40% to 315 million, worth a notional value of €168.13 trillion.
LCH appoints two new directors
The London Clearing House (LCH) has made David Pritchard and David Robins non-executive directors of the company, effective from November 26.