Trading

London dominates clearing again despite EU bid to take market share

The LCH still clears more than 90% of many interest rate derivative products, even as the bloc tries to shake its position post-Brexit

The EU is looking to prize clearing away from the strength of LCH
The EU is looking to prize clearing away from the strength of LCH Photo: Alamy

The LCH continues to dominate the market for interest rate derivatives, despite efforts from the EU to bring business back onto the continent after Brexit.

LCH, formerly known as London Clearing House, cleared €50.9tn in Euro-denominated swaps referencing the Euribor rate in 2022, some 94% of the market, according to data from research firm Clarus.

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