Nasdaq revs up listed equity swaps; LSEG stuck in neutral
Trading opens for custom basket forwards, as LSEG shelves Turquoise and LCH tie-up
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.
Pushin
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