Parel will continue to provide DvP settlement services to LCH and direct access to TARGET2 Securities (T2S).
LCH clearing and compression volumes rose across the board in 2017, and plans to further expand FX product offering.
CCPs are keen to bring asset managers and pension funds into the clearing process, as banks continue to withdraw from the space.
The new business aims to standardise post-trade processes for non-cleared OTC derivatives.
Aviva Investors has signed up as the first buy-side client for the new account type, as well as JP Morgan as the first clearing member for the service.
Revenues for its post-trade services, including LCH and Monte Titoli, increased to £270 million.
Global clearing house LCH has extended its RepoClear service into Germany via LCH SA in a bid to increase netting opportunities.
Clearing volumes for interest rate derivatives increased 25% over 2016, spurred by regulation and the migration to new cleared products.
SwapClear service saw increased activity since margin rules were implemented in September this year.
Hong Kong’s SFC grants LCH CCP status and allows it to provide automated trading services in the region.