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Market participants continue to see the margin, capital and operational efficiency benefits of FX clearing, which is driving significant growth at LCH ForexClear. In July 2024, cleared FX options volume reached US$483bn, 120% increase vs July 2023. See our dashboard for highlights.

ForexClear delivers unmatched capital and operational efficiencies, including the flexibility and choice of both US and European clearing models. 

LCH’s solution for non-deliverable and deliverable FX, delivering unmatched capital, margin and operational efficiencies.

As members continue to benefit from reduced trading frictions via standardisation of uncleared rates and FX derivatives, LCH’s SwapAgent service has seen strong growth in participation and volumes, with new trade average daily value (ADV) up 30% and notional registered up 68% in Q2 2024 (vs Q2 2023). See our dashboard for highlights.

LCH CDSClear has seen significant growth in H1 2024, with €2.63trn notional cleared up 15% vs H1 2023. €426bn client notional was cleared, up 88% vs H1 2023. This has been driven by members and clients, who continue to benefit from access to the broadest range of credit derivatives eligible for clearing globally. See our dashboard for highlights.

LCH RepoClear continues to partner with the market to innovate and unlock new opportunities for members and clients to increase capacity and benefit from multilateral netting. This led to record cash bond activity at LCH SA RepoClear in Q2 2024, reaching €3.9trn in nominal cleared, up 86% vs Q2 2023. See our dashboard for highlights and new developments.

LCH SwapClear has continued to see significant growth with US$373trn notional registered in Q2 2024, up 26% year on year. Members and clients are continuing to access SwapClear's deep OTC interest rate swap liquidity, and benefit from the margin, netting and capital efficiencies of clearing. See our dashboard for highlights.

LCH ForexClear saw new highs in FX Options average daily volume (ADV) in June 2024, up 126% vs June 2023. This included a new record day of US$48bn in FX Options notional cleared on 27 June 2024, with members continuing to see capital, margin and operational efficiencies from FX clearing. See our dashboard for highlights.

EquityClear is LCH’s pan-European clearing service for Equities and ETPs and provides market participants access to a broad and range of trading venues and multiple central securities depositories (CSDs). Our innovative solutions aim to enhance customers’ risk management and mitigate systemic risk, while delivering greater efficiencies. See our factsheet for more information.

LCH SA RepoClear’s €GCPlus service is a triparty basket repo solution that increases capital and operational efficiencies by helping you better manage your Euro cash liquidity. Learn more: