Morgan Stanley becomes latest clearing broker to connect to LCH’s CDSClear
- Morgan Stanley (Morgan Stanley & Co International Plc and Morgan Stanley Europe SE) is now able to offer its clients credit derivatives clearing services via LCH SA
- Builds on CDSClear’s continued growth in clearing volumes and participants using the service
- Morgan Stanley and its clients now benefits from CDSClear’s broad credit derivatives offering: the largest of any CCP
Mark Bortnik, European Head of Derivatives Clearing, Morgan Stanley, said “As an increasing number of our clients either become mandated or look to clear credit derivatives, it’s important that we are able to offer them the broadest range of products. Adding LCH CDSClear to our client clearing platform ensures we continue to offer our clients a differentiated and best in class solution.”
Frank Soussan, Global Head of CDSClear, said: “I’m delighted that Morgan Stanley has extended its membership and that their clients will now be able to access our services. 2019 has been an exceptional year for us so far in terms of growing client participation and volumes, and we look forward to continuing this growth trajectory over the coming months.