LCH’s Post

It was a true honor to share the #WFEClear 2024 stage with Commissioner Summer Mersinger U.S. Commodity Futures Trading Commission, Vikram Kothari NSE India, and Robert Steigerwald Federal Reserve Bank of Chicago! We had a super interesting conversation about #CCPs #FMIs #SROs #equivalence #PFMI #finreg #crossbordermarkerts #clearing #clearinghouse! Thanks The World Federation of Exchanges SIX BME | Bolsas y Mercados Españoles

T+1 is coming to the US from 28 May (settlement cycle of one day once a trade is made), while Australia continues on T+2. This misalignment is going to be disruptive for many in the industry as settlements fail, costing billions.    With the vast majority of international trades from Australia flowing to the US, “participants who don’t adapt are destined to incur “significant penalties”, which will in turn have to be passed onto their customers.” Read the Capital Brief article by Jack Derwin with CEO of FinClear ECS Andrea Marani to understand the implications, or contact the FinClear team to check you are prepared. Read the full article here: https://lnkd.in/gc_T_udv #settlement #brokers

Are you ready for EMIR 3.0? Big changes are coming to the European #clearing landscape with #EMIR3 expected to enter into force in Q4 2024! 🚀 If your firm deals with certain euro or zloty-denominated interest rate #derivatives, it’s time to gear up for the new active account requirements. In an insightful piece by TheDesk, Matthias Graulich from Eurex Clearing highlights how multilateral netting across the euro yield curve drives efficiencies. This means lower capital, margin, and collateral costs for market participants. 💡 Stay ahead of the curve and prepare now to turn these #regulatory changes into opportunities for optimization and growth. 📰 You can find the article here on our website https://lnkd.in/eMqUiVxA

Resonate Global Advisors LLP partner Jackie Horne is at the 2024 Euroclear Collateral Conference in Brussels. Among the big themes being discussed are the opportunities on offer in fast-growing Middle Eastern and Asian markets, plus the need for urgent change across Europe's fragmented capital markets, including a move towards T+1 settlement. On the plus side, there's general agreement that European repo markets have done a good job normalising excess liquidity following a shift from collateral scarcity to availability. The key now is how effectively they're able to redistribute it across the financial system. #CollateralConference #coco24 #Euroclear

Market participants continue to see the margin, capital and operational efficiency benefits of #FXClearing, which is driving significant growth at #LCH #ForexClear. In July 2024, cleared #FXOptions volume reached US$483bn, 120% increase vs July 2023. See our latest dashboard for highlights: https://lseg.group/3MegL8k

🔔  Today, the European Central Securities Depositories Association (ECSDA) jointly with AFME (Association for Financial Markets in Europe) and the Federation of European Securities Exchanges (FESE), published a joint explanatory note on the impact of the US move to T+1 on corporate actions processing for multi-listed and multi-traded securities. The key dates for corporate actions of securities issued in North America changed following the settlement cycle reduction to T+1 in May this year. The Associations identified four scenarios of possible situations faced by European actors in the aftermath of the implementation of T+1 in the other regions. The analysis performed covers all actors within the chain from the Issuer through to the End Investor. #T+1, #CorporateActions and #PostTrade  https://lnkd.in/eQm4vSVH

Vermiculus’ own clearing expert Lars-Göran Larsson, will be moderating a panel about the latest clearing trends at the 26th Annual Conference of the Association of Futures Markets (AFM). The event will take place in Bangkok, Thailand, on February 1-2, and will be hosted by the Thailand Futures Exchange (TFEX). Are you going? Reach out! . . . #AFMConference #Vermiculus #ClearingTrends #FinancialMarkets

Part Two of The Path to Electronic Trading Interview with Former CQG, Inc. President . Josef Schroeter, the former president of CQG, shares his insights on the company's journey and the evolution of electronic trading in the derivatives markets.https://loom.ly/60jeMow #ElectronicTrading #CQG #TradingTechnology #DerivativesMarket #TradingPlatform #RiskManagement #OptionsTrading #TradingInnovation #FinancialMarkets #TradingTools #HighPerformanceTrading #PatentStrategy #TradingEvolution #MarketTech #TradingAlgorithms

Making FX Futures more accessible for everyone is a key theme we have identified for 2024. I am therefore looking forward to this stellar line-up discussing the electronification of cleared FX at the Eurex #DerivativesForum in Frankfurt later this month.