LCH SA RepoClear reported results for first quarter euro-denominated debt clearing:
- Q1-2023 was a record setting quarter for the EUR business with nominal cleared of €65 trillion ($71.2tn) across 3.0 million trades, respective increases of 21% and 15% on Q1-2022
- Several daily and monthly records also broken, including:
- Daily trade count record on 2nd March with 51,224 trades registered
- Daily nominal cleared record on 17th March with +€1.1 trillion nominal cleared
- March 2023 is now our best month ever for nominal cleared (€24t trillion), cash values cleared (€23 trillion) and trades registered (1.1m)
- New gross outstanding peak of €3.7 trillion on 21st March
- Daily nominal cleared greater than €1 trillion is the new normal, having been triggered nearly every day since early February