LCH.Clearnet has launched its SwapClear Futures Commission Merchant (FCM) service. U.S. interest rate swap (IRS) clients will now able to access the service through any of the 12 FCMs already connected to SwapClear. Currently, six clients have executed OTC IRS trades on SwapClear in various maturities and currencies, including the dollar, euro and pound. The 12 FCMs connected to the service include Bank of America Merrill Lynch, Barclays Capital, BNP Paribas Securities, Citigroup and Credit Suisse Securities USA.
Click here for the release from PR Newswire.