LCH RepoClear sees record quarter in Q1 08 April 2020London Reporter: Maddie Saghir
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UK clearinghouse LCH has revealed a record-breaking quarter for GBP cleared at RepoClear for Q1, with 拢8.1 trillion cleared, up 3 percent from the same period in 2019.
Overall, LCH saw a total of 鈧�51.6 trillion cleared across UK and continental-registered clearinghouses during Q1.
Meanwhile, 11 March was a record day across RepoClear鈥檚 European- and UK-based services with 鈧�1.22 trillion nominal cleared. The record day for RepoClear SA achieved during March saw 鈧�941 billion cleared.
RepoClear is one of eight clearing services offered by LCH, alongside CDSClear, CommodityClear, EquityClear, ForexClear, Listed Rates, SwapAgent and SwapClear.
Another record was reached for SwapClear with $402 trillion in notional cleared in Q1, up 26 percent from the same period in 2019.
LCH observed that in Q1 SwapClear saw three record-breaking days for notional cleared, and 10 March was a record day for the number of trades cleared.
Additionally, LCH鈥檚 European EquityClear service also saw a record a quarter with 195 million trades cleared in Q1, up 45 percent from the previous high set in Q1 2016.
LCH鈥檚 EquityClear service also recently went live with a .
As part if Q1 update, LCH says that it continues to operate as normal, notwithstanding the recent market volatility and trading volumes.
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