LCH SwapAgent welcomes TD Securities as first Canadian bank member

Report date
  • TD Securities is now live as a LCH SwapAgent member.
  • 44 members from 12 countries registered more than $5.9 trillion in notional at LCH SwapAgent in 2023, with average daily volume (ADV) up 78% year-on-year.
  • LCH SwapAgent’s services bring improved standardisation, efficiency and simplicity to the bilateral derivatives market.

Nathan Ondyak, Head of SwapAgent, LCH, said: “Welcoming TD Securities as LCH SwapAgent’s first Canadian bank member is a significant milestone, and we look forward to working with them as we continue to receive interest from users in North America. The continued growth of SwapAgent is testament to the processing, margining and settlement benefits that our members derive from the service.”

Jason Cope, Executive Managing Director and Head of Global Fixed Income, TD Securities, said: “We are delighted to be the first Canadian bank member of LCH SwapAgent. By using the service, we believe our clients will benefit from its robust capabilities and potential reduction in costs and risks associated with the bilateral derivatives market.”

Learn more about LCH SwapAgent here: SwapAgent | LCH Group

For further information
Harriet Leatherbarrow / Nandeep Roopray
Tel: +44 (0)20 7797 1222

About us
LCH. The Markets’ Partner.

LCH builds strong relationships with commodity, credit, equity, fixed income, foreign exchange (FX) and rates market participants to help drive superior performance and deliver best-in-class risk management. 

As a member or client, partnering with us helps you increase capital and operational efficiency, while adhering to an expanding and complex set of cross-border regulations, thanks to our experience and expertise.

Working closely with our stakeholders, we have helped the market transition to central clearing and continue to introduce innovative enhancements. Choose from a variety of solutions such as compression, sponsored clearing, credit index options clearing, contracts for differences clearing and LCH SwapAgent for managing uncleared swaps. Our focus on innovation and our uncompromising commitment to service delivery make LCH, an LSEG business, the natural choice of the world’s leading market participants globally.