London's £105 trillion success
12 April 2012
LONDON Clearing House, the central counterparty to all the capital's major financial markets, saw business soar by a staggering 40% last year as it handled 315 million contracts with an underlying value of £105 trillion.
Chairman David Hardy said that in 2002 LCH would 'consolidate our position as Europe's leading central counterparty'.
He said the group will this year become central counterparty to virt-x, the Anglo-Swiss electronic stock market, introduce the option of netting for the London Stock Exchange and extend its range in repos and swaps.
