Is LCH a clearing house?

Is LCH a clearing house?

LCH (originally London Clearing House) is a British clearing house group that serves major international exchanges, as well as a range of OTC markets.

What is FCM LCH?

A futures commission merchant (FCM) solicits and accepts trading for future contracts with customers.

Does lse own LCH?

LCH is majority owned by London Stock Exchange Group (LSE. L), an international markets infrastructure business.

Is LCH a central counterparty?

As a clearing house, we stand as a central counterparty (CCP), acting as a buyer to every seller and a seller to every buyer.

Who is a clearing member but not a trading member?

Professional Clearing Members: These members are not trading members, however they clear trades of clients. PCMs are typically banks, custodians etc. Self Clearing Members: They are also trading members but clear and settle only their proprietary trades and their clients’ trades.

Can FCM act as clearing broker?

A FCM may act as intermediary between a customer and exchange members that actually execute or clear trades. Additionally, a FCM may be a member of an exchange and serve as a clearing member.

What is FCM Clearing?

FCM/Clearing Firm overview A FCM / clearing firm is an entity meeting the requirements for clearing membership at the clearing house(s) that is authorized to clear any or all of the cleared swaps listed for trading by TraditionSEF for, and on behalf of, participants and customers of TraditionSEF.

Is FTSE part of LSE?

The London Stock Exchange (LSE) is the primary stock exchange in the United Kingdom and the largest in Europe. The Financial Times Stock Exchange (FTSE) 100 Share Index, or “Footsie”, is the dominant index, containing 100 of the top blue-chip stocks on the LSE.

Is LCH a DCO?

Registered as a Derivatives Clearing Organization (DCO) with the US Commodity Futures Trading Commission (CFTC), for its CDS business. Registered as a clearing agency with the US Securities and Exchange Commission (SEC).

Who is a clearing member of LCH Ltd?

LCH Ltd’s Clearing Membership is a large and diverse community. Among LCH Ltd’s membership are some of the largest and most sophisticated banks and broker dealers operating in global derivatives markets today. Learn more about the eligibility requirements to begin clearing at LCH Ltd and our criteria for becoming a Clearing Member.

What are the requirements for FCM clearing member status?

For FCM applicants refer to regulation 4 of the Rulebook – FCM Rulebook. All applicants for Clearing Member status must sign binding legal agreements with LCH. All applicants are required to have the appropriate exchange memberships in place where applicable.

How do I find clearing members?

Find clearing members according to their exchange or markets. You can hover over the member name to show their details. * These members are approved by the Risk committee but have not started their clearing activity yet. For more information please contact:

What is clearlch Ltd?

LCH Ltd is our UK-registered clearing house. Among the clearing services that sit within the LCH Ltd corporate structure are SwapClear, EquityClear, ForexClear, RepoClear and our Listed Derivatives clearing offering. LCH Ltd’s Clearing Membership is a large and diverse community.