LCH SwapAgent completes first trades
Citi and Deutsche Bank executed the first trades, a Swiss franc-denominated interest rate swap and euro-denominated inflation swap
The derivatives markets’ biggest swaps clearer LCH has announced that SwapAgent, its service for the non-cleared market, has processed its first trades.
Citi and Deutsche Bank were the counterparties to the Swiss franc-denominated interest rate swap and euro-denominated inflation swap. Both trades were processed through MarkitServ, the over-the-counter derivatives trade-processing service from Markit.
LCH SwapAgent is available for market participants trading non-cleared OTC interest rate
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