CME vs LCH.Clearnet: Clients may face CCP-specific pricing, warn FCMs

costs2

Customers that visit the McDonald’s restaurant on Victoria Street in London can buy a Big Mac for £2.69 – the equivalent of $4.06. That burger would cost $4.49 – or £2.97 – from the McDonalds at 160 Broadway in New York. The same product, bought at two different venues, has two different prices.

Some futures commission merchants (FCMs) argue the same should be true for the charges they apply to cleared over-the-counter derivatives – the cost of clearing a five-year, US dollar interest rate swap

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: