LCH gets US clearing pass
17 May 2004
LCH Clearnet was granted Commodity Futures Trading Commission (CFTC) approval last Wednesday to clear futures and options in the US, following an application lodged in March (see FO Week Vol 9 No 9).
LCH currently clears over-the-counter interest rate swaps in the US as well as commercial energy contracts for IntercontinentalExchange (ICE). The approval allows LCH to now clear futures...
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