visimoney
TLDR: BNP Paribas Securities Corporation has joined LCH CDSClear, becoming the first futures commission merchant (FCM) to do so. The company has cleared the first US buy-side trade on the LCH CDSClear platform, which aims to provide greater access to capital reduction and operational efficiencies through clearing. This partnership expands LCH CDSClear’s client clearing services to US credit derivatives market participants.
BNP Paribas Securities Corporation has joined LCH CDSClear, becoming the first FCM entity to do so. The company has cleared the first US buy-side trade on the platform. This move expands LCH CDSClear’s client clearing services to US credit derivatives market participants.
