London Stock Exchange Group boosts LCH stake
LCH’s ForexClear platform cleared more than a trillion dollars' worth of non-deliverable forward trades in August
The London Stock Exchange Group (LSEG) has announced its intention to expand its stake in LCH, the derivatives market’s biggest clearer of interest rate swaps.
LSEG has agreed to buy the holdings of several minority shareholders of LCH Group Holdings, for up to a maximum of 6.8% of LCH’s share capital. The exchange group currently has a majority shareholding of 57.8% in LCH and confirmation of its new total shareholding in the clearing house will be announced in due course, LSEG says in a
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