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London's LCH dominates interest-rate swap market

But Continental Europe thinks the clearinghouse is located on the wrong side of the English Channel

Published Tue, Mar 7, 2017 · 09:50 PM

London

ONE of London's crown financial jewels - a business sought after by the rest of Europe - is shining brighter than ever before.

The UK capital's LCH clearinghouse is the world's biggest for interest-rate swaps, a market where trading has marched steadily higher in every survey since 1995.

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