bennyjust11's Journal
14
Mar 2018
8:58 AM IST
CLEARING HOUSES
The two main clearing houses in London are the London Clearing House (LCH) and CREST. The LCH was originally set up as the London Produce Clearing House Ltd in 1888 to clear coffee and future trades. This was re-named the International Commodities Clearing House Ltd in 1973 and then the London Clearing House Ltd in 1991. LCH currently clears trades for LIFFE, IPE and LME as well as the electronic securities market (Tradepoint).
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