LCH targets bank business with bilateral swaps launch

摘要

Clearing house lch has launched a service focused on the bank-dominated bilateral derivatives business, signalling its intention to expand beyond cleared products. LCH said last week its new service, LCH SwapAgent, would increase standardisation, efficiency and simplicity in the bilateral derivatives market. The service is expected to go live in the first half of 2017 and will be available to any market participant trading interest rate derivatives.