LCH shakes up compression vendor fee structure

Proposals follow criticism that the current regime favours TriOptima

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LCH: the proposals are effective from January 1, 2019

LCH is set to offer refunds to smaller compression providers if they tear up one million trades in a given year, amid accusations from members that its current fee structure cossets TriOptima, the reigning provider.

Under the central counterparty’s previous fee regime, firms could become top-tier platinum providers – which could schedule unlimited runs for free – if they generate £5 million ($6.3 million) a year in fee revenues for LCH. Now, firms will simply have to tear up one million trades

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