LCH Makes US Head John Horkan COO Amid Post-Brexit Rumblings

Clearinghouse operator makes US head new COO as it suggests it could move to the US post-Brexit if forced. The clearinghouse operator, which is majority-owned by the London Stock Exchange Group (LSEG), announced the appointment on October 27. Horkan will also continue in his role as head of North America….

ASX Gives Green Light to Clearing Blockchain

The exchange expects to release the proposed timing for transition for market feedback by the end of March 2018. “Today’s decision is a decision around the technology and the choice of vendor,” said Dominic Stevens, CEO of ASX, in a conference call with journalists on December 6. “With this decided,…

Esma Proposes CCP Margin Model Disclosures

European regulator takes step toward forcing clearinghouses to disclose exactly how they calculate risk and collateral requirements for trades. Clearinghouses, also known as central counterparties (CCPs), would be forced to “publicly disclose the parameter and information on the models used in the calculation of margin requirements” according to draft guidelines…