Enthusiasm for a big expansion in derivatives clearing vied with caution about how to implement it as the dominant feeling when heads of exchanges and clearing houses discussed the challenges facing them at a conference in London today (June 9).
Roger Liddell, chief executive of LCH.Clearnet, said: “The
possibilities are almost endless. Anything that can be traded for which
there is a good sense of pricing and a reliable source of liquidity can
be cleared.”
The industry leaders were speaking at the IDX conference organised by the Futures and Options Association and the Futures Industry Association.
There was unanimous approval for the benefits of central counterparty...