The currencies are Brazilian Real, Chilean Peso, Colombian Peso, Taiwan Dollar and Thai Baht.
LCH, a global clearinghouse, announced this Tuesday that it has expanded the offering of its non-deliverable interest rate swaps to include five additional currencies - Brazilian Real, Chilean Peso, Colombian Peso, Taiwan Dollar, and Thai Baht.
Responding to customer demand, market participants are now able to clear non-deliverable interest rate swaps for the five new currencies, in addition to LCH’s existing offering on non-deliverable interest rate swaps of Chinese Yuan, Indian Rupee and Korean Won.
Since being launched in April of 2018, the company has cleared more than $5.47 trillion of these currencies through SwapClear, the interest rate derivatives clearing arm of LCH. In total, SwapClear processed more than $1 quadrillion in notional and compressed over $773 trillion in 2018, as Finance Magnates reported.
With the launch of the five additional currencies, SwapClear now offers clearing for derivatives across 26 currencies. They also add to the division’s pool of cleared over-the-counter (OTC) Liquidity .
This gives LCH’s customers increased opportunities to benefit from portfolio margining, counterparty risk reduction and operational efficiencies, the company statement released today said.
Commenting on the new currencies, Cameron Goh, Global Head of Product, Rates, LCH, said: “We’re delighted to be expanding our non-deliverable swaps offering to include these currencies. Our focus continues to be on providing maximum capital and margin efficiencies for the market, and this latest extension is another example of LCH partnering with our customers to extend our cleared product set.”
Top Financial Institutions use LCH to Clear New Products
Already, top-tier financial institutions have taken advantage of LCH’s new offering. According to the statement, Bank of America Merrill Lynch, J.P. Morgan, and Standard Chartered are among the first participants to clear the new products.
“This is an important development for the market, and we are delighted to be among the first members to clear these derivatives at LCH as we continually look to expand the Risk Management benefits that we provide to our clients,” added Bruno Lettich, Global Head Rates Trading, Standard Chartered Bank.
“This move by LCH to expand the Asian product offering and the inclusion of Latam currencies, extends the significant margin and capital efficiency benefits of LCH’s global liquidity pool,” Lettich continued.
LCH, a global clearinghouse, announced this Tuesday that it has expanded the offering of its non-deliverable interest rate swaps to include five additional currencies - Brazilian Real, Chilean Peso, Colombian Peso, Taiwan Dollar, and Thai Baht.
Responding to customer demand, market participants are now able to clear non-deliverable interest rate swaps for the five new currencies, in addition to LCH’s existing offering on non-deliverable interest rate swaps of Chinese Yuan, Indian Rupee and Korean Won.
Since being launched in April of 2018, the company has cleared more than $5.47 trillion of these currencies through SwapClear, the interest rate derivatives clearing arm of LCH. In total, SwapClear processed more than $1 quadrillion in notional and compressed over $773 trillion in 2018, as Finance Magnates reported.
With the launch of the five additional currencies, SwapClear now offers clearing for derivatives across 26 currencies. They also add to the division’s pool of cleared over-the-counter (OTC) Liquidity .
This gives LCH’s customers increased opportunities to benefit from portfolio margining, counterparty risk reduction and operational efficiencies, the company statement released today said.
Commenting on the new currencies, Cameron Goh, Global Head of Product, Rates, LCH, said: “We’re delighted to be expanding our non-deliverable swaps offering to include these currencies. Our focus continues to be on providing maximum capital and margin efficiencies for the market, and this latest extension is another example of LCH partnering with our customers to extend our cleared product set.”
Top Financial Institutions use LCH to Clear New Products
Already, top-tier financial institutions have taken advantage of LCH’s new offering. According to the statement, Bank of America Merrill Lynch, J.P. Morgan, and Standard Chartered are among the first participants to clear the new products.
“This is an important development for the market, and we are delighted to be among the first members to clear these derivatives at LCH as we continually look to expand the Risk Management benefits that we provide to our clients,” added Bruno Lettich, Global Head Rates Trading, Standard Chartered Bank.
“This move by LCH to expand the Asian product offering and the inclusion of Latam currencies, extends the significant margin and capital efficiency benefits of LCH’s global liquidity pool,” Lettich continued.
Institutional FX Demand Continues to Climb in April
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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#fmas #fmas24 #fmevents #networking #finance #africa
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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