London Clearing House (LCH) is planning to introduce intra-day margining for futures and options early next year.
The clearinghouse will implement a new system, called Idris, making it possible to recalculate the margin requirements for its member firms at any given moment. In practice, this will mean a daily margin call at 1pm in addition to the end of day calculation.
LCH's Chris Jones told FO Week the new system would come online in the first quarter next year, perhaps as early as the end of January.
He said the move ought to give members "additional comfort in LCH's risk protection".
Reaction among members was mixed. Simon...