London Stock Exchange may provide clearing services for BTC derivatives starting in Q4
LCH SA will team up with the FCA-regulated GFO-X trading venue to create a centrally cleared, regulated trading environment. The United Kingdom could see its first centrally cleared trading venue for digital asset derivatives due to a partnership between a London Stock Exchange Group (LSEG) business and trading startup Global Futures and Options (GFO-X). They intend to launch the service in the fourth quarter of this year. According to an April 11 announcement, LCH SA, the Paris-based subsidiary of the LSEG clearinghouse, is set to provide clearing services for dollar-denominated, cash-settled Bitcoin (BTC) index futures and options contracts traded on the GFO-X venue. The plan still requires regulatory approval. Digital Assets: LCH SA To Offer Clearing Services For Bitcoin F&O Contracts Traded On GFO-X https://t.co/n1bF2ZbZwp — DailyAlts (@DailyAlts) April 13, 2023 GFO-X is regulated by the United Kingdom's Financial Conduct Authority (FCA) to operate a multilateral trad...