LCH shakes up compression vendor fee structure
Proposals follow criticism that the current regime favours TriOptima
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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