UK's first new derivatives house for over 100 years
Originality
7
Rationale
6
Impact
6
Total
19
Description
Skilled multi-party negotiations enabled the firm to establish ICE-Clear Europe. “Open offer” clearing allows contracts to be completed instantaneously
Establishing the London Stock Exchange’s second clearing house
Originality
8
Rationale
6
Impact
8
Total
22
Description
Setting up SIS x-clear helped bring competition to the LSE, enabling trading costs to fall dramatically. The firm played a leading role in achieving interoperability between the new and incumbent clearing houses
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