Derivatives still driving LCH-C business

21 Mar 2005

Results published by LCH Clearnet (LCH-C) for 2004 indicate that futures and options continue to provide the strongest revenue stream for the clearinghouse.

The total number of contracts cleared through LCH-C was up 14% on 2003, at 1bn, resulting in a 5% increase in income from fees of E265.3m. One of the highlights for the firm...

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“The fact is, an awful lot of people would be very happy for all business to be transacted over the counter. Transparency is good for the consumer, but privacy is better for the banks and the brokers. Wherever there’s a grey area, it’s possible to make money.”

European consultants predict frantic lobbying during the Mifid review.