Newedge uses SwapClear for clearing interest-rate swaps

05/30/2013 | Trade News (U.K.), The

Newedge is the most recent brokerage to join LCH.Clearnet Group's SwapClear service, which has been clearing over-the-counter interest-rate swaps for 14 years. "Joining SwapClear is an important step towards building our cross-border services and continuously expanding our clearing offering from listed to OTC," Newedge CEO Nicolas Breteau said.

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