Initial response to LCH Clearnet (LCH-C)'s first wave of fee reductions has been in general positive with participants calling the move a step in the right direction but emphasising the need to see more value from the clearinghouse.
LCH-C recently told FO Week that it was revising its fee structure for financial and equity derivatives (see FO Week Vol 11 No 40) as part of an ongoing process of simplifying and standardising clearing fees, a process which members have been lobbying for and which market participants agreed had been a step in the right direction.
"This is the start of the integration of LCH and Clearnet, at least in terms of fee harmonisation. It will make for easier access for brokers and clients because there...