For those familiar with the DTCC Trade Information Warehouse, you'll know this was the first central end-to-end processing platform for OTC business. LCH has now moved into the Rates and FX space to perform a similar function. If you thought the pace of change was slowing, think again.
I spotted this story over at Euromoney.... changes at LCH.Clearnet. http://www.euromoney.com/Article/3534951/ForexClear-pioneer-steps-down-amid-fall-out.html - anybody know the background? Who knows, it may be a storm in a teacup.
A video commentary on the prospects for the LSE-DB merger and the effects on Asia, by William Barkshire, one of our contributors. Also thoughts on ICE or CME getting involved and going after LSE.
With adjustments to Basel III nearing completion, it's not clear whether client clearing ROE can be rendered sustainable by clearing fee increases alone. Here I look at a way to reduce capital burdens of bank clearing members by eliminating client-driven exposures whilst keeping banks providing client clearing - the Pure Agency client clearing model.