LCH.Clearnet converts cleared OTC commodities derivatives to futures


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LCH.Clearnet Ltd (LCH.Clearnet), the global clearing house, today announced that it has classified its cleared OTC commodities derivatives contracts as Block Futures. LCH.Clearnet launched this initiative in response to market and clearing member demand. By using a regulated trading venue, market participants trading these futurised products will benefit from increased efficiency and transparency, reduced collateral costs and mitigated risk.

Baltex and Cleartrade Exchange (CLTX), both regulated trading venues, will be the first platforms to register dry bulk FFA trades. CLTX will also process iron ore, steel, coal, fertiliser and container trades. Offering a choice of trading venues demonstrates LCH.Clearnet's commitment to working with multiple exchanges to provide optimum choice to its members.

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