TinyRoute Holdings Limited announced that it has become a clearing member of LCH.Clearnet's SwapClear FCM service, a new offering launched on October 5th 2011.
Online PR News – 18-December-2011 – – TinyRoute Holdings Limited announced that it has become a clearing member of LCH.Clearnet's SwapClear FCM service, a new offering launched on October 5th. TinyRoute Holdings Limited has it's headquarters in Cyprus and has been a Futures Commission Merchant (FCM) for 17 years. SwapClear currently has 37 clearing members and its portfolio contains 1.7 million trades with a notational value in excess of $250 trillion.
This new service enables interest rate swap (IRS) customers to access TinyRoute Holdings Limited's FCM service to clear over-the-counter (OTC) trades, while benefiting from reduced counterparty risk, default protection, and the proven default management expertise of LCH.Clearnet. TinyRoute Holdings Limited's participation in SwapClear's FCM service also enables its U.S. clients to better prepare for the regulatory impact of the Dodd-Frank Act.
"We are excited to expand our relationship with LCH.Clearnet through its SwapClear FCM service, and provide our clients with access to one of the market's leading clearing platforms," said Peter Finchley, Global Head of Futures Clearing at TinyRoute Holdings Limited. "With SwapClear, we are not only able to provide our clients with risk mitigation, but we can also help them prepare for changes taking place across the regulatory landscape."
TinyRoute Holdings Limited remains committed to servicing its clients' needs for clearing in light of recent regulatory developments and offering access to all OTC cleared products in conjunction with its Prime Services business. This latest offering further builds on last November's announcement in which TinyRoute Holdings Limited became a clearing member of the CME for clearing OTC IRS trades for its clients.
About TinyRoute Holdings Limited
TinyRoute Holdings Limited provides the industry's highest-performing solution for integrated trade routing, global market data, and advanced technical analysis. TinyRoute Holdings Limited partners with more than fifty Futures Commission Merchants and provides Direct Market Access to more than forty exchanges through its worldwide network of collocated TinyRoute Hosted Exchange Gateways. TinyRoute Holdings Limited's market data feed consolidates over a hundred sources, including exchanges worldwide for futures, options, fixed income, foreign exchange, and equities as well as data on debt securities, industry reports, and financial indices. CQG is headquartered in Cyprus, Greece with sales and support offices worldwide.