ASX vs LCH in race to be Australia's OTC clearer

Home-town blues

michael-davie

Locals of a certain vintage might call it a blue. Or a barney. In other countries, it would just be called a fight – LCH.Clearnet and the Australian Securities Exchange (ASX) are going head-to-head to be the central counterparty (CCP) for Australia’s domestic over-the-counter derivatives market, subject to the outcome of a consultation process launched by Australia’s Council of Financial Regulators (CFR) in June, which proposes mandatory clearing for Australian dollar-denominated interest rate p

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