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London dominates clearing again despite EU bid to take market share
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The London Clearing House continues to dominate the market for interest rate derivatives, despite efforts from the EU to bring business back onto the continent after Brexit.
LCH cleared €50.9tn in Euro-denominated swaps referencing the Euribor rate in 2022, some 94% of the market, according to data from research firm Clarus.
By contrast, the...
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