Íø±¬³Ô¹Ï

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Íø±¬³Ô¹Ï
Leading the Way

Global Íø±¬³Ô¹Ï Finance News and Commentary
≔ Menu
Íø±¬³Ô¹Ï
Leading the Way

Global Íø±¬³Ô¹Ï Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Derivatives news
  3. TD Íø±¬³Ô¹Ï joins LCH SwapAgent
Derivatives news

TD Íø±¬³Ô¹Ï joins LCH SwapAgent


20 February 2024 Canada, UK
Reporter: Sophie Downes

Generic business image for news article
Image: anderm
TD Íø±¬³Ô¹Ï has joined LCH SwapAgent as its first Canadian bank member.

SwapAgent is a service offered by UK clearing house LCH Group, aiming to improve standardisation and efficiency within the bilateral derivatives market.

The service has 44 members over 12 countries, and recorded an average daily volume (ADV) up 78 per cent year-on-year in 2023.

Commenting on the news, Nathan Ondyak, head of SwapAgent at LCH, says: “Welcoming TD Íø±¬³Ô¹Ï 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.â€

Jason Cope, executive managing director and head of global fixed income at TD Íø±¬³Ô¹Ï, adds: “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.â€
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Íø±¬³Ô¹Ï Finance Times
Advertisement
Subscribe today
Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →