LCH Obtains SFC Licence as an Automated Trading Services Provider
Posted: Wed Aug 31, 2016 9:30 am
LCH.Clearnet Limited (LCH), a multi-asset class clearing house, announced today that it has been authorised by the Hong Kong Securities and Futures Commission (SFC) to provide automated trading services in Hong Kong via its SwapClear and ForexClear services.
The latest licence represents several such instances at LCH.Clearnet in the last few months. Earlier this year, the group received formal approval in the form of a clearing licence from the Japanese Financial Services Agency (FSA), allowing the group to offer the clearing of non-yen OTC interest rate derivatives to Japanese financial institutions.
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