LCH reports record highs in 2017 08 January 2018London Reporter: Zsuzsa Szabo
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LCH’s RepoClear business reported €175 trillion of cleared transactions in 2017, an increase of almost 25 percent compared to the previous year.
The increase in activity was driven by the introduction of new markets to LCH SA and a new buy-side clearing model in LCH.
CDSClear also experienced significant growth and increased its market share, with new highs of €1.1 trillion in notional processed across its CDS index, and single name offering.
In December 2017, LCH introduced the clearing of credit index options to its CDSClear platform.
Daniel Maguire, group CEO of LCH, said: “2017 has been another strong year for LCH across all our business areas.”
Maguire added: “In 2018, we look forward to continuing to partner with our customers, as we look to add additional products and services to our existing wide range spanning the cleared and increasingly the non-cleared market.”
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