LCH RepoClear ends Q3 with record €78 trillion nominal cleared

LCH RepoClear announced it’s ended Q3 with a new record of €78 trillion nominal ($82.4tr) cleared across Euro debt and Gilts, up 3% vs Q3 2022, and 3.3m trade sides were cleared, up 8.5% vs Q3 2022. In late September, a daily record was set at over 58,000 trade sides cleared.

The clearing service also reported increased liquidity in sponsored clearing, with 10 dealers now connected to quote prices on Tradeweb for Euro debt. Ongoing developments include additional RepoClear GC baskets for Euro debt following the merger of RepoClear and €GCPlus.

“We continue to partner with the market to innovate and unlock new opportunities for members to benefit from multilateral netting, capital and balance sheet efficiencies,” LCH RepoClear said in a statement.

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