LSE Investor Presentation Deck
SwapClear and ForexClear
SwapClear
Continued global leadership in OTC rates clearing
90%+
Share of clearing
notional value
(member and client)
SwapClear
Notional cleared by currency
$1,077tn
129
135
265
549
2018
+14%
Growth in notional
cleared in 2019 to
over $1.2 quadrillion
USD
EUR
London Stock Exchange Group
GBP
+13%
Growth in number of
client trades cleared
in 2019 to 1.7 million
$1,229tn
173
137
294
625
2019
Other
ForexClear
Expanding beyond position as the leading NDF clearing platform
+5%
Growth in notional
cleared in 2019 to
$18.0 trillion
1.8
1.6
1.4
1.2
1.0
0.8
0.6
0.4
0.2
0.0
ForexClear
Notional cleared $tn
Jan
Mar
May
US UMR EU UMR 2nd phase UMR 3rd phase UMR
Jul
Sep
$61bn 34
Client notional
cleared
(2018: $8 billion)
2016
London
Stock Exchange Group
Nov
Jan
Mar
May
Jul
Sep
NOV
Jan
2017
ForexClear
members in 2019
(2018: 32)
2018
4th phase UMR
Mar
May
Jul
Sep
Nov
Jan
Mar
May
Sep
Nov
Jan
2019 2020
1 Source: ClarusFT January 2019
Uncleared Margin Rules phase-in began in the US, September 2016 and Europe, February 2017,
further phases have been introduced each September since and will continue until 2021
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