Nasdaq revs up listed equity swaps; LSEG stuck in neutral

Trading opens for custom basket forwards, as LSEG shelves Turquoise and LCH tie-up

Nasdaq-revs-up-a-gear montage

Two rival projects that aim to usher equity swaps into central clearing have met with contrasting fortunes. As Nasdaq opens trading for listed products that replicate over-the-counter total return swaps, the London Stock Exchange Group has paused a tie-up between two of its business units – Turquoise and LCH – aimed at building a clearing service for the bilaterally negotiated instruments.

Pushing equity total return swaps, or TRSs, into clearing has been a long-held ambition for exchange

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here