Clearing

Marex eyes more acquisitions as revenue jumps 75%

Trade services firm passes $1bn mark in its first results since going public

1 min read

Euronext posts record revenue after clearing shift

Clearing revenue spikes 23% after moving off the London Stock Exchange’s systems to in-house technology

2 min read

Brussels’ diluted proposals hand London a victory over clearing

The European Commission’s latest rule changes mean it may never be able to wrest control of the massive euro swap market from the UK

8 min read

The EU has rolled back on a major policy shift. Will it open the door to post-Brexit financial harmony?

City’s big clearing win lifts hopes for broader EU talks

The decision could pave the way for a more pragmatic approach to future discussions

4 min read

New clearing rules could still fragment markets and increase risk, policymakers are being warned

EU set to row back on mandatory threshold for euro clearing

A quantitative clearing requirement, seen as the worst-case scenario for European banks and traders, has been dropped for now

3 min read

Banks are calling for 'a full legislative process to weigh the pros and cons to take into account the position of the industry'

EU banks fear new clearing minimums could be rushed through

Esma could be given powers to review the euro swap clearing market and mandate thresholds

4 min read

Euronext is expanding its clearing offering

Euronext to provide ‘full offering’ as it expands clearing business

Euronext Clearing is set to become the third-largest clearing house in the European Union

3 min read

'The last thing you want to do is to force EU market participants to have a worse service'

Bankers fear losing business amid EU clearing mandate: ‘We will be constrained’

Europe's efforts to win clearing business could backfire, officials at banks in the bloc warn

5 min read

The EU extended equivalency for UK clearing houses until June 2025

Industry bodies push back on EU’s forced move for Europe-based clearing

The 11 trade associations said the 'active account requirement' would disadvantage EU firms

2 min read

Market making business struggles as volatility subsides, but clearing remains a stable driver of fees for the trading services firm

Marex’s clearing business nearly triples in first half of 2023

Profit more than doubles off the back of growth in clearing and execution services

1 min read

Trade bodies have advocated against the change saying it would leave EU firms disadvantaged compared with their international counterparts

Why LCH’s Maguire isn’t worried about the EU’s push to move clearing to the bloc

Proposed EU rules would affect around 7% of LCH swap volume

Ian Lowitt wants to gain share in a 'reliable, high margin business'

Marex muscles in on big banks in battle for clearing

The LME crisis and Brexit have thrust clearing into the spotlight. Now Marex wants more of the action

LCH anticipates it will convert $45tn of swaps tied up in more than 500,000 contracts when it executes the move to the new rate

Clearing houses, exchanges gear up to move trillions away from Libor

Dress rehearsals are ramping up as the end of the rate nears

EU commissioner Mairead McGuinness has been part of a drive to ensure more clearing business comes back to the bloc, but potential new rules are facing criticism

Forced EU clearing could damage capital markets, industry groups warn

Sector leaders say reforms could increase costs and stop best execution

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

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

2 min read

According to the European commission, 91% of all euro-denominated interest rate swaps were cleared through UK clearing houses

EU mandates ‘portion’ of clearing must be done through European clearing houses

The new rules proposed by the commission will change where EU banks can clear euro-denominated derivatives

3 min read

New margin calculations have seen requirements for derivatives traders jump significantly

European energy traders face up to 80% spike in margins

Collateral calls are jumping, with more pain set to come

3 min read

The City's world-leading position in some markets has come under pressure as politicians scramble to boost its prospects

How Brexit has chipped away at London’s financial crown

Financial News rounds up our coverage of how the City has been impacted since the landmark Brexit vote

2 min read

Former London Stock Exchange Group boss Xavier Rolet says 'equities have always been a sideshow in Europe'

Xavier Rolet: Clearing is the ‘litmus test’ for London’s global crown

As Paris becomes the largest stock exchange in Europe by market capitalisation, Rolet says clearing is still the real prize

4 min read