OCC Sets Record Volume in October

Clearing volume jumps 48.9% over the previous year.

Quantile has won LCH and CME as clearing houses for its compression and margin optimisation services.

BrokerTec clients will be able to consolidate their repo, OTC and listed derivatives risks.

CCPs can send margin requests immediately with real-time risk calculations.

Deutsche Börse is also looking for acquisitions.

Pending UK legislation will allow overseas CCPs and CSDs to operate in the UK after Brexit.

The scheme will cover repo and OTC foreign exchange from next year.

Clients' margin obligations are reduced by using multiple CCPs.

LSEG says it has continued confidence in growth opportunities for clearing.