US CCPs will be able to provide central clearing services in the EU.
US CCPs will be able to provide central clearing services in the EU.
LCH is committed to customer choice and open access.
2020 was a transformational year for LCH SwapAgent.
The agreement covers US derivatives clearing organizations recognized under EMIR.
Clearing helps participants reduce costs for posting initial margin under the Uncleared Margin Rules.
OCC had a 51.2% increase in total contracts cleared from 2019.
Trading firms are looking for back-office providers with the scale to handle heavy trading volumes.
The regulator wants to harmonize reporting requirements and ensure data quality.
Participants can continue trading EEA symbols through the new EU entity.
