Ice and LCH declare victory as CDS migration nears end

Ice retains lion’s share of positions at shuttered European CDS service, but LCH gets more clients

LCH and Ice migration
Image: montage

The majority of positions lodged in Ice’s soon-to-be-closed European credit clearing operation have found homes in its US entity with around half of the transition complete, but rival LCH claims to have seized the bulk of client relationships.

By gross notional, just under 65% of volume from Ice Clear Europe (ICEU) has gone to Ice Clear Credit with LCH SA’s CDSClear taking 35%, according to post-trade firm Osttra, which is handling the migration via its triBalance arm. By tickets, the split

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