Benefits include a reduction in settlement and counterparty risk, and lower risk of market disorder.
Year-to-date cleared contract volume through end of September up 35%.
Operating 24 hours a day, five days a week will better support the Asia Pacific region.
New technology can reduce settlement cycles.
Trade associations have asked for an extension of the temporary equivalence decision for UK CCPs.
Trading Technologies has partnered with Chinese clearing broker COFCO Futures.
Phase 5 of the uncleared margin rules (UMR) took effect from September 2021.
Temporary equivalence is set to expire on June 30 2022.
IRS trading volumes have fragmented without an equivalence agreement.