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In 2023, LCH ForexClear saw strong year-on-year growth of 160% in FX Options, along with record cleared NDF volume. This was driven by record clearing activity from our members and clients, who continue to benefit from the margin, capital and operational efficiencies of FX clearing. See our dashboard for highlights.

As more market participants benefit from the margin, capital and operational efficiencies of FX clearing, LCH ForexClear continues to see record growth, with new highs in total notional and client NDF volumes cleared in November. Last month also saw the launch of two new products: NDF Matching and FX Smart Clearing. See our latest dashboard for highlights.

LCH SwapClear continues to be the CCP of choice for delivering access to global cleared OTC Rates markets. Our services in Asia Pacific (APAC) continue to grow, now with 14 direct members and over 140 clients.

Our FX Smart Clearing solution can help members achieve 50%+ savings on regulatory capital requirements. FX Smart Clearing optimises capital usage, reduces counterparty risk, and improves operational efficiency whilst controlling margin costs, through intelligent and selective clearing of FX Forwards.

LCH ForexClear continues to see new highs in cleared FX Options volumes, with October 2023 being the sixth record month in a row, clearing US$311bn. Record FX Options average daily volume (ADV) was US$14bn in October 2023, as more market participants reap the capital and operational efficiencies of FX clearing. See our latest dashboard for highlights.

RepoClear increases opportunities for capital and operational efficiencies through balance sheet netting and settlement netting. 

RepoClear helps participants achieve capital and operational efficiencies through access to deep liquidity and netting pools. 

Sponsored Clearing unlocks capacity and expands buy-side access to clearing, enabling multilateral netting efficiencies. 

LCH CDSClear is committed to delivering a global solution that gives clients the choice of how they access clearing. Clearing at CDSClear enables market participants to reduce risk, increase operational efficiency and drive funding benefits, through access to the broadest range of credit derivatives eligible for clearing. This has driven record growth in the service in 2023, and we thank all our clients who have chosen to clear with us this year. See our Q3 dashboard for the latest highlights.

By creating new opportunities to increase efficiencies for non-cleared OTC derivatives markets, LCH SwapAgent has continued to see strong growth, with new trade average daily value up by 67% and an increase of 85% on notional registered at the end of Q3 2023 vs Q3 2022. See our latest dashboard for highlights.